My 85 yr mom just gave me a gift of $200,000. I understand I will not have to pay tax on this gift - is that correct? This

Correct - but as Mr. Smith points out, it's form 709. Congratulations to you and best wishes to your mother.

I am PRA of U,S. but living In uk for last few years. Only Income is SSDI from U.s. just found out about FBAR and am scared,

Retain a tax attorney, get the forms filed and let your legal counsel handle any issues. Responding promptly and in good faith with good...

Is the student loan interest deduction limit $2,500 or $5,000 for married filing jointly?

max deduction is $2,500 (married or not). However the phase-out limits are more generous if you're married, filing jointly. Good luck.

After the registry of the house on a particular date if it is found that a previous tax bill is due then who is liable to pay it

Not exactly sure what "registry of the house" means, but assuming it's the "Recording" of a "Deed" on a house transferring ownership. If a prior...

The reasons for the rejection are not clear and addressing that is what's required for the application to be approved. Recommend you call the IRS...

Alimony payments and how to minimize tax liability.

Alimony (Spousal) payments are taxable to the receiver; Child support is taxable to the payor, asset equalization payments are general not taxable....

I have a Idaho state tax lien. The only asset I had was a vehicle. I turned the vehicle over to be sold for a judgment. The

Based on the limited information you've provided, it seems that whoever was originally liable for the tax is still liable in my opinion....

Am I entitled to half of a tax refund if my former spouse made changes to a tax form that was filed while we were married?

Your divorce decree should specify who's entitled to refunds and who's obligated for tax liability. If it's joint, you'll have a claim. If the...

Federal tax question.

Agree with my colleague. Check the directory on this site for options. Good luck.

Can my parents claim me independent on their tax return?

It's not exactly clear what you mean by claiming "independent" but assume you mean claim yourself. And if that's the case, you can always file your...