Innocent spouse

You might qualify for such relief or possibly Separation of Liability or Equitable Relief. The IRS website has great information and the following...

Regards to HUD and Tax credit that was collected

It sounds to me, from the facts you've stated, that there could be a couple of instances of fraud involved from the outset. The first is fraud...

This is a question of contract law, so you will need to review the lease agreement to see what it says about who must pay the property taxes. It is...

Tax preparation question

I also agree with the other two attorneys. There is lots of good basic information like this available at IRS.gov. Specific to this question, see...

2009 Income Tax preparation problem

Typically, a good CPA firm should not have any issue with paying the penalties and interest on your behalf should the fault truly lie with them. ...

How to submit a corrected Federal Income Tax , if an original was submited on time and a refund was recieved already?

I also agree with the other two attorneys. Disclaimer: This answer does not create an attorney-client relationship. The answer should not be...

The above attorney's analysis is spot on. You could implement the above plan but straddle two tax years and preserve the gift tax exemption. Since...

I am wanting to grant profit sharing rights (not equity) to a group of investors. Can I do that or do I have to give them equity

You have highlighted the beauty of the LLC. Such an arrangement can be done via an LLC or a corporation (probably not an S-corporation though). ...

Will the unpaid monies of a foreclosed property be considered income on taxes after 1/1/2012

Agree with the attorneys above with regard to income taxes related to foreclosure. As an FYI, there are other taxes, however, that might...

Should I file my taxes as head of household or married filing seperately?

I also agree with the prior two attorneys. Married filing separately will keep your tax debts/liabilities separate. While you will lose out on a...