Is it true that if you are married and file seperately that you won't recieve child tax credit??

You also must both itemize or take the standard deduction. You cannot have one person take all of the itemized deductions, and the other take the...

Not from a federal standpoint. The only way to prevent it would be to remove the obligation at the state level, and I am not sure that this is an...

How can i make sure astranged wife cant file tax return on childern

File your return as you normally would, and be prepared to show they live with you. The school records are great. They establish that the child...

What are the tax implications if I short sale my house that's currently in foreclosure? Any tax implications on 2013 foreclosre?

If the lender is discharging debt, you might receive a 1099-C, which will give you income unless you meet one of the exceptions mentioned by the...

My estranged husband said he would file taxes jointly even though i filed single, so he can get a tax break, what repercussions?

If you are married under state law, you cannot file as single. You must file as Married Filing Separately. But if you file Married Filing Separate,...

Do I need a tax lawyer

Yes. This will not likely be something you can work out on your own. Christopher Larson Insight Law <a...

Can a credit card debt collector file a 1099 and take my husbans tax refund?

They can file a 1099-C which gives you discharge of debt income. If you are insolvent, you can file a Form 982 to exclude this income on your...

Didnt file '09 return. IRS says I owe & must pay by 12/31. Do I pay , then send return OR send return by 12/31 OR call IRS first

You need to get that return completed. It sounds like the have filed a Substitute for Return on your behalf. This means they filed you as separate,...

My ex is trying to claim our month old daughter born 11/20/12 on his taxes after I said no. Can he do that?

Just make sure you file your return and claim her. They will likely make him prove the child lives with him for more than half of the year, which...

Does a business have to declare all monies received

All income must be declared. Loan proceeds, and equity contributions are not income. But either way, this is a nebulous question. If you are having...