A few questions about filing taxes?

1. You should file taxes. 2. You are a Head of Household if one or both of these two circumstances exist: a. Your Niece is 18 or under, or a...

What is the IRS tax penalty for underpayment itself (approximately)? I'm not asking about late payments, just low withholdings.

It is based on an annual rate that varies, but has recently hovered around 3% to 4%. They figure the number of days that the tax was unpaid and...

Getting divorced and not sure whether we should do our taxes together.

If you are legally seperated, file as Single or Head of Household depending on the circumstances. If all four children lived with you more days of...

I withdrew from 401K past year to help son start business, which is not yet up and running. What r tax consequences of investmen

Well, this is not a business investment for you. Even if it were a bona fide investment, you cannot deduct it until it is a loss. To increase the...

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Do we have any recourse against IRS employees that put false statements on IRS records?

You always start by requesting a meeting with the Revenue Agent's manager. If this completely fails, you still likely have a chance to take it to...

The IRS has offered to "concede the case" in Tax Court. What now?

Once a "decision document" is signed by the judge, the years CANNOT be re-litigated. They never sign off on these until they check everything. If...

Can an employer legally garnish wages for an alleged tax liability without a proper court order or writ of execution?

There is some mixing of federal and state terminology here. But either way, your employer is pretty much stuck following the levy. What if you were...

Taxes on unearned overseas income?

I wouldn't go with software and I will tell you why. Most passive income rules are superceded by treaties between the countries. If you are not...

How are taxes calculated in an S Corp. and can I write anything off?

Attorney Smith is correct. You should know these things going in because your entity is properly structured and the proper records are being kept....

Do we need to file our taxes together or can we file seperately?

You can file separately or jointly. It sounds like he is a resident alien. I don't think it makes any difference how you file. You will get more...