Can the state of california come after my money to pay his back taxes once we are married. I know the irs cant.

You are not responsible for his back taxes before you were married. Once you are married if you file jointly the IRS or the State can take your...

I have a friend I hope he can't get in trouble for cashing income tax checks for a bunch of friends

When the IRS conducts a deposit test they presume that everything deposited into a bank account is income until the taxpayer proves otherwise. So...

What is the tax implication if I transfer all my money from my traditional IRA account to my ROTH IRA account?

The traditional IRA contains pre-tax dollars that are taxed as you draw the money out in retirement. A Roth IRA has already been taxed, but the...

Under IRS guidelines an individual can give up to $13,000 per person as an annual gift to individuals before a gift tax can potentially become due....

Will a judge allow me to claim both my kids as dependents on my tax returns if I pay 80% of the support calculation?

Since the judge has already ordered that you split the kids for the deduction you will have to have the court revise the order to take both...

A federal tax lien is a general lien against your assets. It shows up on your credit report and the IRS will collect should you sell any assets. ...

Put "disregarded entity" on the form. The entity is disregarded for federal tax purposes and the activity for federal purposes will be reported on...

Put "disregarded entity" on the form. The entity is disregarded for federal tax purposes and the activity for federal purposes will be reported on...

How can I have my parents home transferred in to my name. Is it expensive and what are the tax liabilities?

The other lawyers give you the issues that you need to consider here. The first thing you have to ask yourself is why you are doing this, then...

I recently found out that my husband has received income and not reported it durring his 25 yrs. in business.

If you filed a joint income tax return you will be jointly liable along with your husband for the years you filed jointly only. You can file for...