Rents from real estate and other personal property leased with real estate are excluded from self-employment income unless received by the...

I am considering a short sale on my home. What are the tax obligations I may face?

When you short sale a home you have income from the cancellation of the debt. This income is equal to the amount that you "shorted" the lender. ...

I am in a short sale in California. Will I have to pay taxes(1099) on any amount from sale

There is relief under several theories. The actual relief you are talking about came from President Bush and not Obama. He signed a law that...

Can I request that social security and medicare taxes paid be returned to me?

No, these are not refundable. Any individual seeking legal advice for their own situation should retain their own legal counsel as this response...

What do I do if I didn't have knowledge that our joint taxes and his buisness taxes were not filed for 5 years

If you did not file a joint tax return you do not have an innocent spouse claim. You should consider filing your own married filing separately tax...

How far can AZ go for back taxes, we didn't file in 2000& 2001 and they didn't do the audit til this year?

If you did not file the statute did not begin running. Any individual seeking legal advice for their own situation should retain their own legal...

Does an Irrevocable Trust with only notional income (less than $50 pa) need to file a tax return to the IRS

If the income of the trust is only $50 you may not have a filing requirement. It is not clear from your facts if this is the case. See a local...

Tax attorney?

As stated by attorney Tomas, you may be responsible for any fiduciary taxes of the corporation such as payroll and sales tax if you are a...

Hi I recieved 37,000 from my mom esate she passed in 1999. Do I have to pay taxes? and how much

The estate should have paid the tax and you are not taxed on the money you received. Any individual seeking legal advice for their own situation...

Does a legal administrator have the authority to provide services related to bankruptcy and tax issues?

Non-attorneys cannot give legal advice an you do not have an attorney-client privilege with them. This can only be a document preparation service....