My mother would like to transfer her home into my name. No money will be exchanged. Will I have to claim this on my income tax?

By gifting the property to you during her lifetime, your mother can only pass on her tax basis to you on the date of the gift (i.e., "transferred...

Wife took tax return money out of joint checking account

To the extent that your divorce has become final and the family law court has already entered an order dividing your marital property, I'm afraid...

Will I have to pay income taxes on property I am selling?

Whether you will realize taxable gain on the sale of the property that your mother gifted to you (and your siblings) during her lifetime (i.e.,...

The other attorneys have correctly answered your question. Only the IRS has the ability to offset Federal tax refunds, not a private creditor. ...

To modify child support, should the divorcee request the past taxes of her ex-husband when he failed to disclose all his income?

The other attorneys have correctly advised that the divorcee can serve discovery upon the ex-husband to compel him to provide copies of his tax...

Can I claim my grandchild as a dependent on my prior year's federal tax return?

Mr. Wagner has provided you with excellent advice. I have attached for your reference a link to the IRS Publication 501 excerpt relevant to your...

I'm self employed and will be filing taxes.Does my ssi benefits count as gross income?

According to the Social Security Administration ("SSA") website: "SSI payments are not subject to Federal taxes so you will not receive an...

Under prop 58 if a loan is taken out to pay the other sibling off is that amount reassessed in prop taxes & Is new loan a refi

Mr. Norwood has provided you with excellent advice and you should follow it. In addition to hiring an attorney with extensive knowledge of...

Rent to own agreement with owner of home. But property taxes questioned.

Mr. Finley has provided you with excellent advice. I would be extremely wary about entering into a "rent-to-own" or rental contract with the home...

My ex-wife was awarded my family farmhouse and 10,000 from a tax return she filed in 2011. She has never worked/received income

Your question seems to primarily involve family law issues and tax law only to the extent that you believe that your wife committed tax fraud. Did...