My sister's husband died in 2010.They owned property under 5 million.Any form-8939 to file with IRS? What about step up basis?

An election is now required to pay the "no estate tax method." Otherwise, you use the step up in basis with a $5,000,000 exclusion for estate tax...

Tax Lien $680,000

The IRS has apparently prepared a "Service Prepared" return on you behalf. They do this by taking all of the income reported against you through...

Allowed ex-husband to claim kids on his taxes, and he got audited. Can I claim them now, as I have extension on mine...

Your ex-husband maybe able to take the deduction as a non-custodial parent if you provide him with a Form 8332 releasing the deduction to him. You...

Yes, the government can record a lien and levy on assets they can find such as bank accounts and your home. You should seek the advice of a local...

RITA is an acronym for several different governmental agencies. Usually, other governmental agencies will not take your tax return directly, but...

What are Tax consequences 10 years after estate is closed.

I agree with attorney Omo. Whoever now owns this property will have to declare it as income and determine what their basis in the property is to...

What are Tax consequences 10 years after estate is closed.

I agree with attorney Omo. Whoever now owns this property will have to declare it as income and determine what their basis in the property is to...

What are Tax consequences 10 years after estate is closed.

I agree with attorney Omo. Whoever now owns this property will have to declare it as income and determine what their basis in the property is to...

I received a refund of my property taxes because a bank paid them, now the tax collector wants us to pay it back, do we have to?

I agree with attorney Mann. You did not pay the taxes and it was apparently an error by the tax collector. You can not reap a windfall from this...

My boyfriend claimed me and my son on his taxes, someone else also claimed my son.

I agree with attorney Fromm. If your boyfriend meet the requirements of the qualifying relative test as stated he will be allowed the deduction. ...