Will I be held liable for my parent's Federal Tax Lien?

The lien was filed because your mother was on the title. Was the lien filed because no one filed a tax return for the year in which she passed...

If one owes back taxes both state and Fed., can those agencies collect from funds left to that person in their parents Will?

Yes; both the IRS and CA Franchise Tax Board have the ability to levy bank accounts. The latter is particularly able to do this efficiently thanks...

I'm 44 years old receiving ssdi benefits, I just won 82,000 in a casino in Vegas do I report it to the irs. I live in California

Yes; you must report it in your 2018 tax returns that are due April 15, 2019. Don't forget that the casino will no doubt report your winnings to...

The IRS among other taxing authorities have begun levying tenants of landlords that owe them taxes; so, the IRS wants you to pay your rent check to...

The FTB can levy a bank account that has your name and SSN associated with it. If the FTB levies your spouse's bank account for your tax debts...

If we win millions and Lotto and we take lump sum and pay all the tax at once do we have to pay tax every year ?

No; you will pay the IRS the one time and you are exempt from CA income tax if it is the California Lottery. Having said that, if you invest the...

Can my name be flagged by the IRS if I try to open a bank account ?

Yes; when you add your name to her bank account, the bank will require your SSN. Both the IRS and FTB will then be able to levy that account....

How to get my money back from bank levi?

Call the FTB immediately as you will only have 10-15 days in which to get the FTB to reverse the levy. If not done within that time frame, the...

2018 taxes filing and exemptions?

I agree with the answer of my colleague but would add in 2018 an individual may claim a child tax credit of up to $2,000 per child he or she...

Can they garnish my social security retirement? If so how much and can I ask for a payment arrangement?

Yes; but the IRS will only take a maximum of 15% and the CA FTB should leave you alone but you never know when that might change with our Legislature.