Is a Certificate of Deposit included in my estate if my son is listed as a POD

The CD will be included in your estate, but keep in mind that although the estate tax is in flux at the moment it is unlikely that an estate of...

Should i file chapter 7 or chapter 13 to relinquist my excise taxes in massachusetts

old, and returns were timely filed. On the other hand if it is a trust fund tax it is never dischargeable. There is a lot of confusion even in...

What could the fines be if you claim a child that is yours but did not livw ith you for more than half the year?

In addition to the taxes you would have to pay interest from the original due date of the tax return. You might also be charged a penalty of 20% of...

Can my kids go to school in the US? Will I b able to claim for them when I file my taxes?

These are really questions best addressed to an immigration attorney.

Could a federal tax debt be inheritance to a new wife?

Your tax problem is worse than you realize. In California all community property is liable for a spouse's premarital debts. Therefore, the IRS...

Should I be charged for amended return that accountant had to do because of their mistake on the original?

If the mistake is truly your accountant's then he should stand behind the return, and not charge you to amend it. On the other hand he might feel...

Under Internal Revenue Code Section 6334(a)(4) unemployment benefits are exempt from IRS tax levies. You should, however, contact the IRS if you...

Annual Gift Exclusion

The answer to your question is yes. Keep in mind that the 13k exclusion is per donee, and per donor. That means for example if your parents own the...

Are There New IRS Regulations Impacting the Taxability of LTD Settlements?

Generally if an employer pays for disability insurance premiums the recipient isn't taxable since you didn't pay tax on the premiums. The pending...

How long can the IRS make a claim on assets after the death of someone who owes them money.

The IRS 10 year statute of limitations on collections does not begin to run until the date they make an assessment. Generally this is shortly after...