Who can claim a child on taxes?

In the absence of a court order, the child can be claimed by the parent that has the child for more days during the year. If you had the child the...

Am I responsible to pay taxes on money my ex was ordered to pay me toward medical bills in our divorce?

This sounds like a property settlement pursuant to divorce, which is a non-taxable event. Alimony is includable in income, but that would be...

I receive a trust fund check each month. How can I let my wife be responsible for paying taxes on it when she files her taxes?

The IRS will see this as your earnings because it is likely associated with your SSN. It is irrelevant that you sign the amounts over to your wife....

My husband doesn't pay taxes. Can he proof his income with his checks on my process for green card ??

If by saying "My husband doesn't pay taxes," you mean that he is under the required income amount to file a tax return, a W-2 should be all that is...

Reporting Requirements You must file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts,...

What are the legal issues(taxes, credit, etc) on letting a rental property go into strategic foreclosure?

You will receive income in the form of Cancellation of Debt Income. However, Section 108 has an exception for recognition if this is your primary...

My husband left me in august and has a court order saying he can take his children on his taxes. am I entitled to take them

Well, you are correct that Section 152 allows you to consider a step-child a child. However, the way the rules work, it often denies the exemption...

I have been convicted to 8 month for tax fraud where the loos amount was set to $10,900

The previous attorney is correct. If you are already being represented in this matter, we would be pretty out of line to question the rationale of...

Do I legally have to reimburse my emplyer for their mistake?

Generally, you are liable for the services you use. What you would likely not be liable for were any penalties or extra costs associated with the...

Who gets to decide how to determine, where to spend the budgeted money, of a None Profit organization (A Corporation).

The previous attorney is entirely correct. Under WA Law, the Board of Directors has the final say on all matters. I am not sure why they would want...