Tax filing status

They can file jointly in 2010 to claim the deduction, and she can then file as single in 2011 if the divorce is final in 2011. Often times...

My ex boyfriend pay child support and he claim him for taxes in 2010 and he didnt gave me anythig did had to?

If he is the non-custodial parent he will need your permission (if you are the custodial parent) to take the deduction. Just paying child support...

IRS Form 982, reducing attributes?

I agree with attorney Robert. The debts that you included in your bankruptcy are excluded from your income as cancellation of debt under IRC...

What is the tax effects of an LLC? Should I make election for the LLC to be treated as an S corporation?

It is difficult to answer this question without more facts. You will have a more flexible entity if you are taxed as a partnership, rather than an...

You need to hire an attorney to protect your rights. You will need to file an innocent spouse relief claim to be relieved of any taxes where you...

I filed my taxes married filing seperate and husband recieved a 1099 and never filed, am i liable for his back taxes

Consult with your divorce lawyer and possibly a tax attorney to determine if you have any liability for this 1099. If it is solely his tax debt...

Understanding the Federal Gift Tax????

Everyone gets an annual gift exclusion of $13,000 per person. Married people can combine their amounts to $26,000 per person (this is known as...

I received a 1099C form from my mortgager after a short sale and the fair market value of property (box 7) has $0.

See a tax professional. The income from debt relief may not be taxable if the loan was non-recourse, you were bankrupt, you were insolvent, and/or...

You may be able to make an offer in compromise to your state. This would allow you to pay less tax than is owed due to financial difficulties. If...

Completing Innocent Spouse Relief Form- State of Connecticut Taxes

You need to proclaim your innocence and that you did not benefit in any way from the income. Your case will be much stronger if you are legally...