Capital Gains tax when I carry the contract.
When selling a rental property you determine the gain by taking the sales price on the property and deducting the tax basis and the selling costs. ...
Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
When selling a rental property you determine the gain by taking the sales price on the property and deducting the tax basis and the selling costs. ...
If she qualifies as a Qualifying Relative you can claim her. Four tests must be met. First she must meet a relationship test (as a daughter in...
No, This would be considered a personal expense. Any individual seeking legal advice for their own situation should retain their own legal...
It is a crime to not file a tax return when it is due. If you do not file your return you could be subject to criminal prosecution. It is always...
Credit and filing your tax returns are two separate issues. Your husband is on the loan and not you, so it will be his credit affected. You are...
I agree with attorney Lowrey. Do not open his mail, and send it back to the post office as return to sender address unknown. Any individual...
You calculate the income from debt relief on the sale by determining the shortage on the loan pay off. This amount is included in your income at...
Most of these firms are referring to the offer in compromise program with the IRS. It is possible to pay pennies on the dollar if the numbers work...
Since you already have counsel you should discuss this matter with your attorney. Tax attorneys are typically well versed in these matters. Any...
The IRS has a reward program if you can provide evidence that they may need to prosecute this case. This reward can be used to reduce your tax...