Can an employee remove dependent from group med plan (pre-tax ded) to put on a private plan (not group plan)?

Typically, yes you can. Check with your HR department. Any individual seeking legal advice for their own situation should retain their own...

Moneys not listed in a will; from mother and father.

No, when you inherit money it is not subject to taxation. This amount will have to be included in your parents gross estate, which may or may not...

The presumption is that if you do not make a profit in 3 out of five years, that you are engaged in the business as a hobby. Then your losses are...

Can you file bankruptcy on back taxes?

You have 3 choices with the back taxes. 1) A Payment Plan, 2) An offer in compromise, 3) Bankruptcy. To be able to bankrupt back taxes they must...

What about my children who receive the a gift of money from me?

Gifts are not taxable to the recipient period. Any individual seeking legal advice for their own situation should retain their own legal...

My wife works under the table-she now has Social Security card & wants to quit but is being threatened by employer-more details

I agree with the other attorneys. Make sure that you report all of the income that you were paid and you have not violated any tax laws. Check...

If I'm recently married can I still choose to file as SINGLE status in my income tax return?

Your tax status is determined on the last day of the calendar year. In this case you are married. Your filing choices are Married filing jointly,...

Can I give a tax exempt gift to a minor child?

Yes, you are allowed to give $13,000 to anyone each year. The minor child would qualify. Any individual seeking legal advice for their own...

Looking to file back taxes and have a recieved a intent to levy for 1 of the ten years in ?. Where can I get help and fast?

The first thing you need to do is file these back years, As you say, the Service prepared returns do not consider any of the deductions you may...

Only one person can claim the dependency deduction for a given year. If your mother claims you, you will not be able to claim yourself for the...