My wife, now ex, are divorced. How do we divide our joint investments? Manually split our 1099-B's?

Report The entire 1099 less the portion that goes to your ex spouse. The net result is 50/50 on each return. This just allows the government to...

You cannot temporarily suspend the Corporation. You can dissolve the corporation and file a new one later on, but so long as the entity is not...

Is this mistake a big deal? (tax related)

If you claim the exemption for yourself, your father will not be allowed to claim you also. Only one taxpayer can claim the exemption deduction. ...

I bought a home and depended on the $8000.00 tax credit.

I agree with the other attorney on the limits. However, your income is counted in the year you receive it as a cash basis individual taxpayer. If...

How do I deal with money Taxes and divorce?

This is more of a family law question, than a tax question. You should consult with a family lawyer on this site to determine whether this...

There is really no general answer other than this. CPA's are better suited to answer accounting and tax compliance questions. Lawyer's offer...

Filing taxes when separated and bought a house last year

You are correct in your assessment. Normally, I recommend that you file as Married Filing Separately once you separate so that you are not...

Taxes on social security

You report this as social security income and not as salary. Any individual seeking legal advice for their own situation should retain their own...

Tax implication on Foreclosure of a rental property.

The tax loss is only one part of the problem. You can also have income from debt relief which is the difference between the debt you owe and the...

How should I calculate the tax for 2009 as a new immigrant?

Once you become a citizen or permanent resident of the United States, you must report your income to the US on a worldwide basis. Do yourself a...