Capital Gains tax on home i lived in for two years, but rented one of the room?

20% of the profit will be taxable capital gain that does not qualify for the Section 121 exclusion. There will be some depreciation recapture...

You do not need to establish another U.S. domicile to terminate your California resident status. Read FTB Publication 1031. It sounds like you...

I need to remove my father from an investment custodial acc. that he forgot to pay the taxes on and now refuses to pay.

If you are over the age of 25 then the custodial account has ended, so that you can withdraw the funds without your father's approval. If you are...

Is auto collision insurance payout considered income for tax purposes?

As the other fine lawyer has responded, it is unlikely to be taxable income because it is either for personal injury or for damage to the vehicle. ...

How do tax returns work in child custody cases?

The IRS answers the questions about the child tax credit at http://www.irs.gov/uac/Ten-Facts-about-the-Child-Tax-Credit.

Will I be required to pay taxes for the buyout of a house in California?

Internal Revenue Code Section 1041, entitled "Transfers of property between spouses or incident to divorce," provides that "no gain or loss shall...

This question is for someone very familiar with the American Taxpayer Relief Act of 2013 as it pertains to tax brackets.

If you and your spouse have $500,000 or less of capital gain and you meet the residency requirement of IRC Section 121, then there will be no...

Can i get Tax deduction on mortgage interest for second home which will be a rental property?

You can deduct the rental expenses, including interest on the mortgage, against the rental income.

Taxes on wire transfers from foreign bank account to US bank account,

If your uncle paid the appropriate income tax on the earnings, then the transfer to you is a gift. It is not income to you. You are also not...

Can another man non family claim my son on tax returns?

As Mr. Atchley has so well pointed out, you should consult IRS Publication 501.