Homeowner Forgiveness Act

For purposes of the 2007 Act the term `principal residence’ has the same meaning as when used in section 121.’. Section 121 of the Internal...

Non-resident aliens on F-1 and J-1 visas are exempt from paying FICA (Social Security and Medicare) taxes until they become residents for tax...

I will be a first -time home buyer. I'd like to use funds from my Roth IRA for my down payment. What are the tax consequences?

I agree with the other attorney and you should qualify for an exclusion on the penalties up to the amount specified based on an exclusion for...

I will be inheriting a house in Lakewood, CA and am seeking applicable taxes, if any, when I inherit the home.

The estate will be responsible for any estate taxes that may be due. In 2011 there is a $5 million exclusion for estate taxes. When you inherit...

Could this be tax exempt,

I agree with the other attorney. This will probably not be tax exempt. You should meet with a local attorney to discuss possible other solutions....

I agree with attorney Tomas. You consult with an attorney to have the lien removed from your portion of the property if this lien is the result of...

I have just negotaited an out of court settlement with my former employer and have a question re: taxing of this amount by him.

If the settlement is deemed wages your employer can withhold taxes. Either way you are still responsible for the payment of the taxes. You should...

Taxation on stock trading

In the U.S. your income is taxed on an annual basis. Earnings on your account are the realized gains, dividends, interest and other earnings...

Typically unpaid sales taxes are considered fiduciary taxes. The company acted as an agent for the state to collect and hold the taxes and then...

Typically unpaid sales taxes are considered fiduciary taxes. The company acted as an agent for the state to collect and hold the taxes and then...