Is my ex husband liable for half the tax bill I got for the year we filled jointly?

When filing a joint return, both spouses are jointly and severally liable for the tax bill. This means that the IRS can collect the entire balance...

The cumulative, year-end balance/value of all unreported assets is the starting point. If you failed to report assets for multiple years, the 5%...

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What capital gains tax might I owe on sale of real property in AZ? I reside in CA.

You would not be able to avoid tax by purchasing a home that you intended to use as a personal residence. However, you could potentially defer the...

Is there a IRS form to attach my health tax penalty payment with? I can't find one! Would an attorney attach a link to a form?

The penalty should be figured into your tax liability. The instructions for Form 8965 include a worksheet for calculating the penalty:...

Once a garnishment is in place, it is very difficult to get it removed. However, if you contact the Department of Revenue, they may work with you...

Tax and Real Estate Unrealized Capital Gains

You may be able to take the income into account under the installment method. Under this method, a formula is used to determine the portion of each...

If my house is paid off can I file an offer in compromise?

Unless there is some doubt as to your liability for the tax, or exceptional circumstances involved in your case, it's doubtful the IRS would settle...

What are the tax consequences of owning stock options of a foreign parent company?

Though more information is needed to be sure, simply holding the option probably won’t come with any tax consequences. But if you’re a U.S....