If my husband stops paying the property tax on our home, can I save my Credit Score from deteriorating?

You should see a family lawyer immediately to protect your rights. Not paying property taxes will typically have no effect on your credit score. ...

I invested 50,000 in money in business, is it tax deductible?

The investment itself is either a capital contribution or a loan to the business. Once you have made the contribution, if you have an ownership...

I received money transfer from my family overseas, I am a permanent resident

You do not have to pay taxes on gifts. However, depending on the amount of the gift you may have a filing requirement for foreign gifts received. ...

I have a decedent's basis question. Do I use mom's date of death value, or dad's?

Since everything was left to your dad and you inherited from your dad you will use the value at your dad's date of death to step up your basis.

What is the IRS definition of "year of discovery"?

This means when you first had knowledge of the loss.

Hi My green card expired in 2009 And I haven't worked at all in 2010

Normal filing requirements do not apply to non-US citizens - Your filing requirements per the IRS guidelines are as follows: Foreign...

I am confused about my 1120S schedule M-2? Tax lawyers help?

Yes, the accumulated adjustment account is used to track undistributed income that was previously taxed. This does not represent cash in a bank...

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How should taxes be filed if me and my ex lived together for the full year of 2010?

I doubt that this would be tax fraud. If you both supported her 50/50 you will have to go to the tie breaker procedures that the IRS has...

I have a tax liability question. I recently attempted to rollover a profit sharing to a private IRA account.

This depends on how the administrator of the plan will handle the transaction. They most likely sent you a 1099 for the distribution. It will be...

When you do a 1031 exchange you receive a carry over basis from the property that you exchanged from. This can be adjusted for items such as...

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