Executor fees paid from and estate to the executor is a taxable event and the executor fees are deductible by the estate, and included in the...

Someone claimed a child and didn't share the money with parent

Not sure what your question is here. This person can only claim the child if they qualify. If they qualify then they are not required to share...

Do I have to pay taxes if I earned $7000 cash in 2008?

You do not have to file if your exemption and standard deduction when added together exceed the income you made. If this is the case you do not...

I received a 1099-C form how much earnings do you need to make to have to include this in filing your taxes?

If the amount on your 1099 exceeds your exemption and standard deduction amount when you include it with any other income you have, then you have a...

If I switch froman LLC to the single-member corportation, are there tax conseqences? What about future tax obligations?

The s-corporation also has an $800 minimum tax in CA. Changing from an LLC to an S-Corp does not cause you any other tax trouble. Section 351 of...

I had no income for the years from 2006 to present I received a 1099-C form dated 8/09 Do I have to file taxes or a 982 Form?

It will depend on how much income was reported on your 1099. If the income you made put you in a position where your income exceed your exemption...

Can parents alternate who claims their children on tax returns?

When you are married you cannot claim head of household status. Your only choice is married filing separately or married filing jointly. Any...

Can the state go after your house if sales and use tax are unpaid from a business?

Typically, states hold business owners that close down their businesses personally liable for fiduciary type taxes. These are taxes that you...

Tax Lien of spouce business

It depends. If you filed a joint return with your husband, then you have joint and several tax liability and the IRS can lien both of your assets....

Before my son and I file our tax forms, should I visit the local IRS to insure we are filing our taxes w/needed documentation?

You will need to hire a tax professional to help you with your return and do the research necessary to take a proper position on your tax return. ...

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