(2) Relationship. For purposes of paragraph (1)(A), an individual bears a relationship to the taxpayer described in this paragraph if such...

Should I file my taxes and if so, could I claim my niece on my taxes?

I want to try to work the back door on this one. Your niece is a qualifying child if she is under the age of 18. The reason for this is because she...

We plan to gift the half interest we have on the house with our son assuming our mortgage, what are the tax implications?

His transferred basis will be half of the price paid for the home, plus any capital improvements made. I am going to assume you never depreciated...

The problem starts to come into play when an investor has all of the assets, and you are only contributing labor. At the time he contributes all of...

Owe IRS Taxes for 2011 - Married filing Jointly.

All of these things will have very little effect on anything related to tax. Simply a matter of your logistical preference. Christopher...

What to do when you receive a 1099 for a company you never worked for.

Well, it depends on what you mean "for my girls." If your girls performed work for him, as lame as it is, if it was over $600 paid to any one...

It sounds like interest. Many people forget to include interest in some form or another on their tax return. They always remember the W-2s and...

Been audited in the past INCOME TAX

I think if a person is the legal father for state purposes, it is established. A DNA is not required, as it is not required for state paternity in...

If i become a resident in florida can my husband use this address for our income tax filing?

The IRS will not care because it will have no effect on your liability. However, the states have very specific rules for who is subject to income...

No. But you can file taxes together if you are in a "leagally recognized" common law marriage under state law. State law determines whether you are...