A gift is not deductible for purposes of your income taxes. It is not taxable for gift tax purposes because it is under $14,000.

The plan document has to provide for loans. It might not. Loans are not required to be made available under the law. So you need to get a copy...

Is a quit claim of $30,000 on real property in divorce tax deductible?

No. Transfers of property in connection with a divorce are not deductible. IRC Section 1041.

Do I need a tax lawyer?

I would first try to work with a CPA only because CPAs tend to charge less per hour than tax lawyers.

I am sending money to the philippines more than 14thousand$ for building a house and medical expense should i file a gift tax

If you give him more than $14,000, yes, you probably need to file an IRS Form 709. If you are married you can give him $28,000 without filing the...

The cash is taxable income. You need to keep careful records of what you receive and what you spend. You might find it helpful to go to a tax...

How do I save over 130 acres of land from foreclosure and attain sole ownership and exclusive rights to future royalties?

Hire a lawyer. Work out a deal with the other heirs that they will give you their interests in the property in exchange for your payment of the...

I am a us citezen if i send more than 14 thousand to a non us citizen in a foriegn country do i have to file tax

Yes. If you give anyone, whether in this country or outside of it, more than $14,000, you must file an IRS Form 709. However, you will not owe a...

For nonprofit tax exempt charitable org in calif has ein number do I have to get a business license in every county

My guess is that the answer is "no" that you only need the license for the county in which your principal office is located. However, if you...

You're a cash basis taxpayer so the facts are already "baked in." You can't set up a corporation today and claim that money you already received...