Attorney Larson hits the nail right on the head. If you meet the aggregate filing requirement for filing Form 3520 you must file the form. No tax...

I receive a trust fund check each month. How can I let my wife be responsible for paying taxes on it when she files her taxes?

You will receive a Form K-1 from the Trust when they file their annual Form 1041. This will associate the income with your social security number...

Am I responsible to pay taxes on money my ex was ordered to pay me toward medical bills in our divorce?

I agree with the other attorneys with respect to the issue of a property settlement. However, with respect to a Qualified Domestic Relations Order...

About property tax

You can obtain a property profile from a title insurance company or visit the county recorder to determine the payment status on a given property. ...

Tax, Immigrant

If you have United States source income you will be required to file income tax returns and pay taxes on the income. Money that was transferred...

How does a C corporation pay tax for non-US residents, living in their own country?

Generally, a foreign person is subject to U.S. tax on its U.S. source income. Most types of U.S. source income received by a foreign person are...

Can you claim children on taxes who do not live with you?

He would be deemed the non-custodial parent and not entitled to the deduction unless the custodial parent (you) released the deduction to him by...

Am I entitled to my sales tax and service fees back on a totaled vehicle?

The taxable event is when the vehicle is sold. The sales tax is due at that time. Therefore, you are not entitled to a return of the sales tax...

Second mortgage due to divorce and IRS rules

This would be mortgage debt if it is secured by the property and was used to acquire, construct, or improve the property. If the proceeds were...

Can a state put a lien on short term disability checks

The State has massive powers to collect from you when you owe them taxes. The best thing to do is get out of an enforced collection situation. ...