Second mortgage due to divorce and IRS rules

There are two types of deductible home interest. Acquisition indebtedness, which is the amount used to finance the purchase or improvement of the...

Conversion to a Non Profit Corp in WA State?

The above attorney is entirely correct. State filing creates a non-profit, and a further application creates tax exemption under federal law. With...

Can a used car dealer pocket a check for sales tax paid on a totaled vehicle?

Something tells me if the insurance company is involved in this, they are probably not going to get stiffed out of the sales tax. But either way,...

Can you claim children on taxes who do not live with you?

He cannot claim her unless a custody order, divorce decree, or similar court order dictates that he can. In that case, you would have to sign a...

How can i calculate with my paystub how much refund will i get from my taxes return?

There are fairly cheap tax calculators out on the Internet if you just want to get an idea. Just Google "2011 Tax Calculator." I have never done...

They are included in gross income, but not earned income. Christopher Larson Insight Law www.insightlawfirm.com

Tax laws for LLC

Let me preface by saying that a single member LLC is a disregarded entity for tax purposes. You will file as a sole prop on a Schedule C, and all...

Working off the books as a babysitter

Steven, that was perfect. He is right. You are supposed to declare this income. The reason thi question is so strange is because most people are...

My mom passed away in May 2011 and all monies have been dispersed..my sibling and I are co-trustees tax returns need filing

The previous attorney is 100% correct in that you are liable as the executor of an estate where the gift and estate taxes remain unpaid. My...

What happens with Tax filing after the divorce agreement has expired?

At that point, only Section 152 of the Internal Revenue Code controls. If your daughter lives the majority of the year with you, you should be able...