How to compute 1099 C (cancellation of debt)

Assuming it was a recourse loan, you must include cancellation of debt income. its the amount by which the sale wase short -- what you owed...

What were the parameters for the one-time tax abatement passed in the past two years, or so?

Outside of offshore, I can think of no abatement in the last two years.

What? An ESOP IS a RETIREMENT PLAN. In divorce it is usual to split a plan while maintaining its actuarial integrity by forming two plans...

Hi they recentley took my state refund I was just wondering if they cld take my fed refund too I live in state of va

Yes. They probably work closely with the federal govt.

Is it legal to be married, but live and file taxes separately in order to collect government aid

This is fraud, and if you facilitated his actions by agreeing to live apart from him, you might also be liable.

"Can i continue filing my federal income tax return if i have this judgment" : You must file your returns no matter what. Adjust your...

Can the mother of my children claim my children on tax returns if she isn't working? Shes married and lives out of state.

Attorney Larsen is 100% correct, again. Double check the decree (which is not an agreement but a court order) to see if an order on this is...

I divorced and on our taxes we each claim a child i have both children how can i change it where i claim both

how can i change the court order to where i claim both children but at a very cheap rate? You get the divorce court to modify its order in light...

You said "to arrange payments" but have you entered into a formal agreement? If you have, or if you will do so, check as to whether a formal...

Do I need to explain the reason why I had NO rental income on 2011 tax return since I reported rental income previous 2 years?

In general, when I think a question might be raised, I explain it, but you should know that your bankruptcy caused a notice (if properly filed) to...