Can i claim someone on my taxes that i didnt claim last year ?

Yes you can. If you meet the legal requirements to claim her you can claim her.

If I loan the money to some one overseas, is it taxable?

The loan itself is not taxable but any interest received will be. It is possible that the borrower could be liable for taxes. The borrower should...

Do I have to report in my US tax when transferring money form India to US? And What is the limit of Sending Money?

If you are a U.S. resident for tax purposes (either you are citizen, green card holder, meet the substantial presence test, or elect to be a U.S....

You are not required to disclose this to the IRS. Loans are not income and as such they are not reported to the IRS. If you were to be audited by...

If legal fees are directly tied to a particular years earnings can you modify that year’s tax returns?

Legal fees are deductible when they relate to producing or collecting income, or obtaining tax advice. If you paid these fees to protect your...

2nd garnishment

The IRS is entitled to garnish your net monthly disposable income. This number is determined by taking your income and subtracting from it your...

INNOCENT SPOUSE RELIEF: FILING SEPARATE RETURN BUT LIABLE FOR HALF OF HUSBAND'S TAXES BECAUSE OF COMMUNITY PROPERTY?

As a resident of a community property state you are generally required to report 50% of the community property income on your married filing...

Do I need to register for an EIN if I will be working as an independent contractor?

As as independent contractor you will be treated as operating your own business. The default is that you will be operating a sole proprietorship...

Asking the judge to change my spouse's tax filing status

H&R block may be able to assist you with your return. With that being said, you can probably find a better preparer for a similar price. I would...

IRS audited me for tax years 2011, 2012, 2013. The 2011 assessment time is expiring is it advisable to extend the asessment time

As noted by Mr. Lively, you are not required to extend the statute. You may want to limit the statute extension to only 6 months so that the...