If I am 20 years old and I made 4999 last year. Can my mom claim the exemption amount?

He would have to have made under $3650 to meet the qualified relative test. Any individual seeking legal advice for their own situation should...

My ex-husband and I have a property in Henderson, Nv. that is in short sale status. It was his primary residence.

If you are on the note you will receive a 1099C. The amount will be taxable income to you but can be excluded if you meet one of the exceptions:...

I would like to gift $100,000.00 to a friend in direr need. Is there any law where there may be a tax on the friend or myself,?

You can give a gift of up to $13,000 per year without any gift tax consequences. For the amount that you gift over this amount you will have to...

Last year 2010 we had to pay the irs around $400

If the debt is not paid and it was incurred on a joint return the IRS can take the balance from your refund. You can contact the IRS and check the...

Somehow i owe city taxes.i thought my job took it out.what do i do?

Contact a local tax professional in Toledo to assist you with this. Any individual seeking legal advice for their own situation should retain...

My California LLC was dissolved in 2010. The tax fee of $800 was not paid in 2008. I have since moved to AZ. Should I pay?

If you dissolved the entity then you became personally liable for the minimum tax. If the entity was suspended you may not have personal...

Can i present in my tax return the expenses me and my wife had for the care of our children ages 8, and 11?

To claim the child care credit you will need the social security number of the individual that provided the care and claim the credit on your tax...

No he does not. You provided over half of the support and are the custodial parent (parent with custody of the child). He will need a Form 8332...

If you formed a new entity such as an LLC, LP, or a corporation you must file to pay your minimum franchise tax. If you are filing a schedule C...

Audit

If you made unintentional errors on your return and now know about them, you are obligated to file an amended return. You are responsible to file...