If I sell my property as a short sale in Washington what is the tax on the loss? Let's use $30,000 loss as an example.

If you sale for a loss you will have no capital gains tax. If you pay the lender back less than you owe you will have income from debt relief on...

Since we are cancelling our LLC and I have put in the most money, can I demand that the other 3 pay for all final fees & taxes?

This will depend on the structure and wording of your LLC operating agreement. Look in the capital section and see what it says. You may want to...

How much tax would I pay in CA on 50k debt settled for 25k?

I am assuming this is some sort of consumer debt. When you do not pay the debt back you receive income from debt relief in the amount of debt...

HI, I don,t have social security just tax id number and never pay my taxes for 7years.What should I do?

You need to hire a tax attorney and file these taxes immediately. While there is no debtor's prison as the other attorney suggests, it is a crime...

Are any tax debts dischargeable after filing chapter 7?

You are responsible for the taxes. H & R Block should pay the penalties if it was there fault. If they got it right you would have owed the...

My question is "Are Income Taxes Legal?"

It is legal. This is an old argument that has been addressed. The IRS has issued a white paper to end frivolous arguments about the tax code. ...

Sales and Use tax and the franchise tax are separate state taxes. Sales and use tax is for the sales/use tax that is due from selling items that...

Will I have to pay any kind of taxes from the proceeds of my house that I am selling if I move out of the state?

When you sell your house you will have to determine the capital gain from the sale. To do this you take the sales price, less the tax basis...

Have prenuptial do i have to help pay on property taxes owned by wife

If your wife has designated this property as her separate property you should not pay the property taxes. Any individual seeking legal advice...

I agree with the other two attorneys. Also, make sure you take your self off as a signer on any bank accounts. If you can make sure that all...