Do I need to hire a lawyer for a 3rd party summons from IRS?

You cannot avoid responding to a third party summons from the IRS. If you feel you have some exposure, then hire a tax attorney. If you do not...

Social Security checks are specifically exempted under the California Code of Civil Procedure, Section 704.080, though there is a dollar amount...

How do I appeal the IRS? What are the laws for form 8379 and joint returns? How do I get the IRS to investigate forgery?

If your spouse cashed your check that is a crime and you should report it to the police. The IRS did not allow this to happen. It is not the job...

Division of assets in divorce

There is no tax recognized on the transfer of property in a divorce. IRC Section 1041.

Do I need to file form 709? Any tax do I need to pay or can lifetime exemption can cover it?

If you gave funds from a U.S. account those are covered by the U.S. gift tax. Yes, you have a $14,000 per done annual gift exclusion. If the...

I owe a lot of back taxes and I've suddenly stopped receiving letters from the IRS and California FTB for the past year. Why?

You should not assume that the FTB and IRS have stopped thinking about you. No news is not necessarily good news. You should contact someone who...

What are the tax implications for money gifted to a family member in an amount of $140,000?

Correct: neither of you will be taxed. The $140,000 will count against his $5,450,000 lifetime exclusion. So he must file an IRS Form 709 (gift...

Can I Amend Previous Year's Taxes to Include a Child Deduction?

Yes you can amend. The $3,000 in expenses will save you an amount of taxes based on your tax bracket. So if you are in a low tax bracket the...

I have an offer and compromise. Had taxes this year got a 120day extension to pay. Miscalculated the months

Call Peter Stephan, a CPA, in Woodland Hills at 818-704-1443. He specializes in this. Best regards.

Is someone else's (not myself) federal tax return considered public record and obtainable by FOIA request?

Yes, you can submit a FOIA request. No, the IRS will not provide you someone else's tax return information.