Upon splitting the funds with my sister, do I incur a tax? What are the tax liabiilites for the giver and for the recipient?

It sounds the assets are in yours and your mom's name jointly and you're to split them with your sister. Assuming there's some form of will or...

Can I make the current owner of the home I am offering for pay all the back property taxes over $13,000 before closing escrow?

I agree with my colleagues here. The purchase contract and escrow instructions form the contract for sale on the property. Check the terms but...

It's never pleasant to find out your landlord hasn't taken care of the property and now your tenancy is in jeopardy. However, as my colleague has...

Baylor County Texas is assessing me personal property tax on a vehicle that i owned in 2002. I did not live in Baylor County in

Touch base with the county taxing authority involved. it sounds like some mix-ups in infomration. These are often resolved by providing proof of...

How can I get proof/copy of my 2009 & 2010 tax return that was garnished?

Mr. Morris is correct. Just call the IRS and request them. You can get copies of the returns, status of the refunds and who they were intercepted...

I am Working on a H1 Visa here and my wife is on H4 visa. We want to form a LLC with Foeign partner?

Certainly. You can structure the LLC ownership so that you're an active member and your wife is a passive partner. And you can employee domestic or...

Fradulent tax returns.

Plea agreements and adjustments are highly variable based on the circumstances and virtually impossible to respond to in this format. Sounds like...

Post-discharge sale

Check with your bankruptcy attorney. Business in bankruptcy is not uncommon but there are lots of nuances that will determine how your specific...

Selected as the best answer

Unfortunately, there are a number of factors that will impact the answer. If the quad's are the collateral for the debt (sounds like this might be...

Yes. In the IRS world, everything is tied to a number. Business names are typically administered at the state level. So long as each business, even...