A will goes through the probate process typically and becomes a matter of public record. A trust usually does not become a matter of public record...

Can I be sued?

It is possible you could get sued. To play devil's advocate, your former room mate could claim you had an oral agreement to pay him rent. He...

It depends. Do you have a lease or agreement that states you are responsible for paying property taxes? I also know people in your situation that...

I live in CT & work for Coca-Cola?

Re-imbursed employee expenses are generally not subject to tax. You should look at your pay stubs more carefully or discuss the issue with your...

My tax preparer was 10 weeks late preparing my return and I just receives a penalty notice for late filing $3,793? He had info

Sorry to hear that. If you paid the tax on time and have never had any issues in the past, ask for a first time penalty abatement. If you...

Recvd letter from IRS that I owe 2016 taxes; however I paid my taxes via IRS direct pay. I have the confirmation#

Another possible issue is that your return did not properly calculate the taxes. Some of my clients are getting hit with notices because their tax...

Taxes on sale of inherited land

This is something you should sit down with a CPA about. The advice a CPA can give you will more than pay for itself in this situation. There are...

Mr. Oberholtzer is correct. In most cases, you are better off just having the accountant fix the error. There are cases where the accountant...

You may or may not prevail in a lawsuit. If you can show the dealer's mechanic somehow caused the damage to the engine, the dealer should...

The IRS terminates installment agreements for various reasons. If you have an additional tax debt or a late tax return can terminate an...