Provided that you actually pay the money, there is in fact a sign that advertises your other business, and that the fees that you pay are...

Can I deduct my business losses from my taxable income?

There are two issues to be addressed to answer your question. First, is your proprietorship an activity in which you engage primarily for...

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My Mom was in a nursing home and I transferred her savings to my checking account to pay her bills including the nursing home.

There are other issues, so you should consult with a Florida elder care attorney. To answer your question directly, your mother's money should...

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Based on your statement that the results were favorable and tax liability eliminated, you might be in line to get a "no change" letter - preferable...

Pastor through ignorance did not report income or pay fica for 3 years, not enough for income tax,how to fix?

You need to find a qualified preparer, probably a CPA and get the returns filed as soon as possible. There are some special treatments of income...

Sold a house at a loss in 1998. moved to tx. have been in tx since 2000. now ca ftb is claiming a $18,000 tax debt from sale

I agree with Attorney Smith. You will have to come up with proof which would have been reported on a CA state tax return of your other basis in...

WHAT DOES IT MEANS WHEN A REVENUE AGENT FROM IRS TELLS YOU:

The information is a little sketchy, but it sounds like a "no change" result. I would call the agent and ask him or her to clarify if they meant...

Are attorney fees tax deductible?

It depends on the nature of the suit. If it is a business-related action, or related to the production of income, generally the fees will be...

Question about gambling and taxes?

If the payout is other than money, the amount of income which will be reported is the Fair Market Value of the property won. If you sell the...

I would like to build a children's clinic in the Philippines, would this qualify for a tax deduction on my US income tax????

Good for you! It is a timely gift. Such a donation can qualify for a charitable contribution tax deduction, but you do need to work within the...