Is there any tax owed if my wife transfers $150,000 of her savings from a Swiss bank to a US account? She has a Green Card.

Simply transferring funds should not give rise to income tax but there may be reporting requirements depending on the circumstances of the transfer...

What is the statute of limitation that my local tax office can come after me for penalty and interest?

The general statute of limitations to collect on unpaid tax is 10 years. But there are a number of variations and exception depending on specific...

My soon to be ex husband is demanding that I have over my 2012 tax return to him ? Why would he need this?

If it's your tax return then it's yours. If he has a court order indicating that he's entitled to a copy then better to either comply or have your...

I filed a return late as I got a failure to file letter from NC Department of Revenue. I had thought it went through online

It sounds like the Dept of Rev will review it for you and what they decide will be up to them. What you can control is making sure they have all...

Can the State of Michigan lien a property in Pennsylvania for a income tax lien from husband before a marriage ? See addt'l info

If you're actually listed on the property then the lien may impact the property but simply because you're married should not result in the lien...

Should I enroll in the IRS's Voluntary Classification Settlement Program or just switch some contractors to employees?

Yes, the fines are very heavy and the if there's one area the IRS is absolutely ruthless, it's the employment taxes area. You'll want to treat...

Federal tax lien from joint return - how to resolve?

Since you don't have the funds to payoff the lien, you may want to consider an offer-in-compromise. And seeking innocent spouse relief may also be...

I'm a sole owner of a c corp ,can I deduct collage tuition expenses as a business expense,it will help me grow in my field?

About the only expenses that can't be business expenses if the circumstances are right are Groceries, Necessary Utilities and Underwear. Just about...

I have paid my friend cash for 5 yrs to rent his home, no receipts. County records has it as Owner Occupied. Court wants proof.

It sounds like whomever is the subject of the lawsuit may have reason to be concerned but you don't. You've done nothing wrong in your description...

When calculating CA use tax do you add the shipping costs and customs duty before hand to get total value of the item?

There are several schools of thought on this without any real consensus but to be safe, you should use the total cost (including the importing and...

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