Can you deduct a gift for an adult child from your taxes

It's interesting how many people confuse the income tax and unified gift and estate tax systems. They are separate and distinct. If you are...

If you conduct a business, the deductible business expenses of it are not subject to the limitations on itemized personal deductions, so there...

Can an 18 yr old female and 16 yr old male date and have sex in washington state

First, the gender of the parties is irrelevant under WA law. Second, assuming the younger person is at least 16 and the older person is no more...

We had a quitclaim recorded and the property parcel number is in our name, can it be reversed?

I assume from your statement of facts that grandma signed a quitclaim deed to you and your husband, which was recorded. Generally, as between you...

Need information on an amended tax return.

I think the best suggestion I can make is to take this back to your divorce attorney. The issue may be covered in the divorce decree. I'm not...

US Citizen living in Canada, and thus subject to Canada income tax

You would be best advised to find a CPA who is well versed in cross border tax matters to prepare your return. There are a number of people who can...

I have been on state disability all year. I have had no taxable income. Do I still need to file a tax return?

Probably not, unless you have a refund coming. Here is some information from the IRS about this. If you click "No" at the bottom, it will walk you...

What is the exact ruling/code for Washington State regarding the common law marriage?

Common law marriages are void in the State of Washington if contracted within the state. In re Estate of McLaughlin, 4 Wn. 570, 30 P....

If a foreclosure sale results in more money than is owed, does the balance go to the person foreclosed on?

Here is an introduction to the non-judicial foreclosure rules, assuming a "power of sale" clause in the contract:...

If you contribute the assets of one or more businesses currently operated as sole proprietorships to your existing S corporation and they include...