Tax Implications of Son Paying My Mortgage?

So… a person is living in property owned by you. He is paying you money in a fixed amount and on a monthly basis. This agreement is memorialized...

Do I need a tax attorney?

Generally, the IRS is only allowed 10 years to collect on unpaid taxes (as Ms. Campbell mentioned, there are certain events that may make this time...

I am responsible for my husband back taxes that he owed. He past away a few days ago.

You are not personally liable for taxes that your husband owed to the IRS before you married him (I am assuming that you are referring to Federal...

My husband owed back taxes before we were married so I continue filing single on mine he past away a few days ago. Will

You are not personally liable for taxes that your husband owed to the IRS before you married him (I am assuming that you are referring to Federal...

Is there a way to reduce tax for the gain when I sell the house that is transferred from my x-husband?

Tough to add to Mr. Davidoff’s answer but… Generally, no gain or loss is recognized on a transfer of property between spouses if the transfer is...

Can debt beyond statute of limitations be turned into 1099 income if not paid?

First, you should request that the collector/creditor send you written verification of the debt. After you send a written request for...

Selected as the best answer

This question has already been handled well. Please note that your rental property is no longer "unsecured" as you describe. Chase has sued you,...

I am ordered to pay restitution by the State of Missouri.Can I file bankruptcy on it along with my other debts?

Under 11 U.S.C. §523(a)(7), certain fines, penalties, or forfeitures that are “payable to and for the benefit of a governmental unit are...

Tax suits leading to criminal charges

Failure to pay income taxes to the state (or the IRS) by itself is generally NOT the basis for criminal tax evasion. "Evasion" in the law has a...

What is the time between a BK discharge the receipt of a large sum of money, where the Court can take the funds?

When you file for bankruptcy relief, your right to file a lawsuit (and the eventual money awarded to you from that lawsuit) becomes "property of...