What reporting and taxes are on the sale of a house that was inherited

Hire a real estate appraiser today. Tell the appraiser you need the value of the property as of the date of your mother's death in 2009. The real...

Short term capital gains tax

Your parents had a "basis" for income tax purposes of $30,000, so when they sold it for $90,000 they had a gain of $60,000. Let's assume for a...

How can I save my condo from being sold by the county for being behind in property taxes?

You may be better off selling the condo now and getting paid for the equity (and using the proceeds to make a downpayment on an apartment that you...

Can you Sue FTB for a tax lien error ?

Yes. You can sue the FTB. Yes. You can sue the bank. You can also sue King George for waging war on the 13 colonies, and you can sue Moses for...

Is the 2010 tax return the most recent or 2011, if I the sponsor already filed for Tax Extension, and I already filed I-864?

Your wife should bring the 2010 return because that is the most recent that was actually filed. However she should also bring a copy of the...

Can income in a community property state be designated as separate property by a post nuptial agreement?

Yes. A postnuptial agreement can designate income in a community property state as separate property. To be valid it is highly recommended that...

Is there any way around proving a dependant on my income tax claim stayed with me more than 6 months?

This is like a detective story. What evidence would a private eye gather? Or would that private eye think to gather? If that doesn't inspire...

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Help! The IRS sent me papers saying I owe $4,000 for taxes on wages I didn't make!

If someone filed taxes under your Social Security number you need to contact the IRS. In the Google search bar enter "IRS Fact Sheet 2012-7." ...

I HAVENT FILED A TAX RETURN FOR 25years

Internal Revenue Code Section 6012 requires every person with gross income that equals or exceeds the exemption amount shall file a return. That...

My sons father just had a tax levy put on his paycheck even though he has had to pay child support starting back in 2006.

The IRS has the right to have money taken out of his checks to pay his income tax obligation. You have the right to go to family law court and...