I'd like to sell off 4 rental properties in Philly. How can I reduce or avoid capital gains tax liability?

You've got some potential options depending on details of the properties that are not included in your question. And depending on those details you...

Is there a tax event? I am purchasing a house from my daughter. She owes me 80,000 .

The $80K that she owes you is essentially being used by you as part of the "cash" to purchase the house. There shouldn't be a taxable event for...

What do I do to avoid trouble with California department of revenue?

Sticky situation and there are options depending on number of circumstances. The difficulty is that without some professional help you're likely to...

What are the tax implications if my non-U.S. parents-in-law buy a house for me and my spouse in the United States?

My colleague is correct. Not taxable to your husband but reportable. There are other options for handling the transaction that may not have same...

Can I take a tax deduction on relocation within the same state?

For the move to be deductible it needs to have been for purposes of accepting new employment. However, if you're a 1099 contractor you have several...

My ex-husband wants to buy me out of our house.

Assuming you've lived in the home for 2 of the last 5 years and the gain on the proposed buyout would be less than $250,000 then there would be no...

What documents do I need and where do I send them for additional information to be sent to the IRS for my tax return?

My colleague is correct, there is a way to go about this but it's really not a do-it-yourself area. The rules, regulations, procedures and...

What is the legal definition of financial disability

My colleague is correct here. And financial disability determinations are challenging ones. If you're able, it will be very helpful to get the...

Is it legal to claim my mom as my dependent?

There are specific requirements to claim a dependent, including your mother. Some of which include providing at least 50% of her support and her...

Your gambling losses can offset any gambling winnings. You show the winnings as income, then deduct the losses, but only up to the amount that you...