A mother in Romania threw her 20 year old son out. Is he in any way reaponsible to pay taxes on her home?

Property taxes are the responsibility of the owner of the home, not the tenant. Unless there is a lease specifying otherwise. If the son is not the...

Reporting Tax Exempt Interest

Tax exempt interest is typically designated as such by the issuer/payer of the interest. If you're looking for tax exempt interest instruments,...

I'm separated and my tax refund was taken to pay for my husband's tax bill - what can I do?

If your divorce is not final then you can amend your answer to his divorce complaint and include the adjustment to the tax issue based on what...

I hear your concern but am failing to see how the issue arises. If the IRS is taking their money "off the top" of the sale then what remains after...

AmI entitled to any money left on the refund?

If you have a separation agreement, that will provide the answer. If not, then you're probably equally entitled to the funds. Check with your...

Can sister take out 50,000 in stock without paying a penalty

There are many possibilities but they all are dependent on the details of the transaction. What she paid for the stock, how long it was held and a...

Are there any serious penalties for not filing tax returns when you were not employed or made any income ?

Penalties and interest are tied to taxes owed and while in theory, everyone is supposed to file a tax return every year, there is no practical harm...

Taxes alternating

You could simply put your agreement in writing (like a contract) that identifies who claims when, both sign the document. So long as you both...

If you worked but did not file taxes from 1993-2006, What is the outcome and how can it be fixed?

Whatever you've actually paid into the Social Security system will be tracked for all years based on the information provided by your employers....

Is a wire transfer from overseas reported or taxed?

Banks do not make notification on bank-to-bank wire transfers unless they fall under the mantle of Suspicious Activity Reports. It's not clear that...