Do I pay taxes on the money I get from the insurance company?

Keep in mind, the IRS will use the settlement documents to determine the type of income. The better it is broken up on there, the easier it is to...

Can I claim a 2 month old on my taxes

Absolutely. There is no requirement that your son be born before a certain date to claim him on your taxes. There is an exception to the 50% of the...

What happens to our tax refund if we are still legally married at end of tax year? We are both California residents

If you file jointly, one person will likely receive the refund check. At that point, if that person decides to not share, it will have to be...

I looking for the rule or law that states that a Personal Rep.for a will has the duty to prepare the tax returns!

It could be that you may need a different probate lawyer if you are not happy, but there could be a very good reason why the attorney is not citing...

Does my mom need to pay taxes on my grandmothers mobile home if it is willed to her?

This asset will receive a stepped up basis equal to its Fair Market Value at her death. That will become your basis moving forward. When you go to...

As long as you are married under state law on the last day of the year, which it sounds like you might be, you must file as Married Filing...

How can my father recieve back all the money the IRS owes him for taxes they are wrongfully charging him of? HES IN DEBT;(

He needs an attorney. If he cannot afford an attorney, he should contact a Low Income Taxpayer Clinic in...

Inheritance is generally not taxable. Nor is a gift to a third party. At worst, he maybe didn't declare the gift in excess of the 13k exclusion....

Marriage Penalty

It is impossible to tell from more information, but generally there will not be a penalty. But there are factors such as whether you both withhold...

I owe unemployment in Washington state and live in the State of Louisiana. Can Washington state take my federal and state taxes

They can definitely take your federal refund. It doesn't matter if you live in another state if they take that. Have they been taking...