I recently received a 40.000 dallor gift. how much taxes,will i have to pay?

Under section 102 of the Internal Revenue Code, when you receive a gift it is not taxable to you. Therefore, you owe no taxes on the gift. Any...

Do I have to pay my property taxes on time

The short answer is yes. If you do not, you will be subject to penalties and interest. Eventually, the county could send your property to a tax...

Will my name change effect my tax refund?

This should not affect your refund. But to be on the safe side, wait until after you receive your refund to change your name. The IRS does...

This is an unfortunate situation and you should seek the advice of a tax attorney. Not filing tax returns is a crime, and you should consult with...

Can you get tax return when on social security alone and not paying in any thing in and would i owe anything under same situatio

The only way to tell is to prepare a tax return, include all items of income and deductions, including the SSI and determine if you have a...

Can I deduct property taxes on income tax return for my home in foreclosure?

No, you cannot claim the property taxes as a deduction. You are a cash basis taxpayer and until you actually pay these taxes you cannot receive...

Are attorney fees tax deductible on the Federal income tax return throughtwhen attempting to resume long term disability

If you received non-taxable disability income, then these attorney fees would not be tax deductible. Any individual seeking legal advice for...

My tax preparer will not return my 2009 taxes and documents. Do I need to report them to the IRS?

Make it simple. First go to her office and ask for the documents. If she does not provide them, go to the next step and report her to the state...

Hi!I was wondering if I'll get state taxes and fed taxes if I live in Portland OR?

Actually, you will need to file in 2 states and your Federal return. For the portion of the year you lived in Madison you will have to file a...

Can my wife claim her kids on taxes if the divorce decree says the ex- husband can. a release was signed but has expired.

She will need to sign another Form 8332 for husband to continue to claim the deduction. May have to go back to family law court for contempt if...