Will my mother have to claim me as a dependent in her 2016 Tax Returns for the 6 months I was unemployed?

Tax returns are filed annually, so it may not apply to you; however, it really depends on whether you meet all of the requirements. And since you...

Business licenses vary depending on the city--you'll need to look up the requirements for the individual locations. Still, if you're not entirely...

Claiming an adult on your taxes for 2016.

You are allowed to claim a dependent as someone who is a "qualifying relative." Defined, this means someone who is 1) not your child, 2) a member...

If an independent contractor's annual earning is less than $20,000, does the employer file any IRS form? (W9, 1099, etc)

There is a requirement for a company to file 1099's for any contractor who is paid $600 or more. There is also a requirement for contractors to...

Call from HomeLand Security regarding Tax Violations

This is definitely a scam. Although there is a requirement to disclose foreign accounts when certain thresholds are met, this is not how the...

Bankruptcy Chapter 7 I OWE TO IRS INCOME TAX CREDIT AND STATE TAX

Tax debt can be either secured or unsecured, and also either priority or non-priority depending on several factors. Whether they are secured...

Yes, you can establish your own agreement with the IRS. You are currently liable for any tax stemming from jointly filed tax returns, as well as...

Do I have to report the rental money income from my 2nd home to IRS?

Yes, the IRS requires you to report income from all sources, including rent. However, you likely have expenses, such as depreciation of the...

Can I file a bankruptcy in foreign country without getting my assets and paychecks being seized?

You can file for bankruptcy in the US as long as you have a US asset, such as a bank account. However, you will be required to disclose your income...

What is the penalty for breaking a lease early in your business if you dont care about consequences?

It is possible that your mother could be evicted, and the landlord may then sue for money damages. It would be advisable for her to consult with an...