Based on the facts you submitted, yes you can do something to try and get the money back: it would involve filing a lawsuit. You should contact an...

I am US citizen. I make 100% of my profits online from the EU. Can I start a Malta corporation and receive profits as dividends?

I am a tax attorney that is experienced in the areas of international tax issues. Based on the few facts you have provided, I think it would be...

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We are going to have to give our house in CA back to the bank, what do we need to do and how will this effect our taxes

If your home is repossessed or if you do a short sale or deed-in-lieu and there is a deficiency, that amount will be taxable to you as ordinary...

Obligation for tax withholding for <$300K proceeds? purchase property from foreign

FIRPTA, the Foreign Investment Real Property Tax Act, is a law enacted in 1980. It provides that the Buyer must withhold a tax equal to 10% of the...

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Statue of limitations on state tax????

The statute of limitations for collecting taxes is 10 years from the date the tax return was filed. There are other issues that can cause the...

Ordinarily, a co-owner cannot prohibit another co-owner from accessing and using company property and facilities for the benefit of the company. In...

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Avoiding Capital gains on selling rental property - 1031 Exchange?

I agree with Mr. Berkus in that you can avoid capital gains pursuant to 26 U.S. Code § 1031.

Simply receiving money does not invoke an obligation to report it to the IRS. Income / Gain is reported: a reimbursement for funeral expenses is...

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What can i do about my exgirlfriend claiming my kids on her taxes?

Whether or not this is a violation of her probation depends on the terms of the probation, which may be included in the order placing her in the...

How can I get title to a property transferred to me?

Your parent's estate must first be probated in Michigan. Once an order is issued from the MI probate court the property can then be transferred in...