Alimony is taxable income to the recipient spouse (and is a tax deduction to the payor spouse). You will have to pay tax on the money you receive....

Is Getting Media Coverage For A Slumlord A Good Idea Or Bad Idea?

There are pros and cons to the approach and it is up to you to weigh them. You are well within your rights to publicize your grievances provided...

Can I deduct expenses for repairing rental property from income earned from other job?

Your wage income is reported on line 7 of the 1040 and the rental income and expenses are reported on Schedule E. It is possible to have a...

I receive a 1099 for my income.So I'm responsible for putting money aside to pay taxes at the end of the year.

If you end up owing taxes and not paying them, the IRS will send you notices warning you of the garnishment. Until you have reached that point,...

Any married person can opt to file separately. Sometimes filing separately can get a couple the best combined tax rate. As a tax practitioner, I...

Mr. Ornelas is correct in that the settlment will be taxable because it does not involve a physical injury. You may be able to find deductions...

Can california garnish my wages in pennsylvania for state income tax?

California can garnish your wages, even if you live in another state. Just because you move to another state, it does not mean California (or any...

What is our responsibility to send levied wages to the IRS for an employee who receives a 1099?

You are responsible for paying the garnishment because subcontractors can have their wages garnished. As an aside, you husband may have issues...

A good question to ask is how or why you want to do something about your tax debt right now. Is the IRS levying your bank accounts or paycheck? ...

Legal guidance to start a for-profit club?

The first thing you should do is have a CPA. Everybody who has a business in the US should have a CPA. The CPA can best advise you as to how you...