Do I need to sign a form 8332 for my ex if I did not claim my daughter on my taxes?

If you want to give him the deduction or the court has ordered you to do so, you must provide the signed form 8332 or he cannot take the deduction...

If profit from a real estate sale is less than $250,000 does it have to be filed on federal and Maryland state tax returns?

Yes, file the return to start the running of the statute of limitations. Otherwise, this transaction remains open for audit with no closure.

WFSE negotiated an unfair termination settlement and my tax software wants to list it as earned income.

This would not be earned income, but is counted as income for tax purposes. Since this is unearned income is should not affect your entitlement...

If you have to file a Federal Tax return you most likely will have to file a State Income tax return. It is probably not a bad idea to file one...

Can we gift more than $26,000 per year to each child without paying gift tax?

You can gift $13,000 to any person each year, $26,000 with split gifting without gift tax consequences. Beyond this amount you must use your life...

My husband and I have been separated since last June. He wants to claim the kids as dependents for the tax year.

Both attorney Davidoff and Larson are correct here. What you do will depend on whether you and your husband can work together for the best result...

Can I file a younger sibling on my tax return?

As usual, attorney Larson is spot on with his analysis. It would be a good idea for you to hire a tax professional to prepare your tax return this...

Will I be taxed on a TSP (Thrift Savings Plan) settlement if I purchase a house with that money?

You should have a QDRO (Qualified Domestic Relations Order) regarding IRA / Retirement Accounts. The QDRO will address the taxation of the portion...

Someone claimed me on their taxes, I am over 40 and trying to get into college and this has affected my fasfa. what can I do ?

Paper file your own return and claim yourself. The IRS will investigate and award the proper party the deduction.

What do i do if some o e clame me i. Dint know

Report them to the IRS and file your own return. It will have to be paper filed. You should also file a police report with your local police.