Paying IRS taxes in 5 years.

This is a possibility. If you want to pay your taxes over a period that exceeds 12 months you will have to provide a Form 433 disclosing your...

Is the father entitled to part of tax return claiming a child?

He is not entitled to any of the deduction just because he is the father. In fact, he should be paying child support. Any individual seeking...

Ex claimed both kids on her '09 tax return. Been divorced since '04. How should I proceed?

Since you are the non-custodial parent you will need to file a form 8332 with your tax return to claim the deduction. This is a form that releases...

In order for the non-custodial parent to claim the deduction for a child in 2009 they need a Form 8332 releasing the deduction from the custodial...

Can I still owe $$ to the Franchise Tax Board for 1981 and 1982 taxes?

In California there is no statute of limitations for the collection of a tax lien. Therefore, if you owed these taxes then you still owe them...

How do you prove "support" in regards to a dependent

The test is now that she did not provide at lease 50 percent of her own support. It is a numbers game. How much she provided of her own support...

I am unemployed, have no cash and owe the IRS for cashing out my 401K to support myself last year.

You have a number or options in this situation. First, you need to call the IRS and start communicating with them. If you do not feel comfortable...

Are there legal ramifications for my ex spouse who filed a false tax return claiming our son when it was my year to claim him

For tax purposes the claim was denied and she did not benefit from the deduction. Therefore, she is not liable for any civil or criminal charges. ...

I have some tax questions and am wondering who is better to talk to a tax attorney or a cpa.

I am both a tax attorney and a CPA. First, not filing tax returns carries potential civil and criminal penalties. A CPA can prepare your returns,...

How can one avoid claiming income on the sale of a secondary residence

It may be possible for you to do a Section 1031 exchange whereby you sale the current property and acquire another "like-kind" within the prescribe...