They might make you establish that the entire amount is a settlement for wrongful death. So it might be a good idea to speak with a tax attorney...

Can we file a joint tax return with my ex-wife for 2012, given that we got divorced back in 2003 and none of us remaried?

Only if you are legally married under state law as of the last day of the year. If not, you must file as Single or Head of...

If the Mortgage Debt Relief Act is not extended, will I owe tax on forgiven debt in the event of a foreclosure or short sale?

Keep in mind, even if they give you a 1099-C, you can exclude this using a Form 982 to the extent that you are insolvent. Speak with your tax...

Why would My Ex-Wife request our joint 2009 tax return?

It is because it is her tax return also and she needs a copy to prove that she filed for the year. If it were not a joint return, I would be a lot...

My mother passed away recently. I think she may not have filed tax returns for several years; what do I do?

The PR should call the IRS and see which years are unfiled, and order her Wage and Income transcripts from the IRS for the years that need to be...

Is their away I can keep my child's father from claiming my child on his taxes. he hasnt been taking care of him?

If you both claim the child, the IRS will give it to the parent that has custody a greater number of days for the year. He will be denied if this...

Have experience dismissing late filing penalties from S corp officers.?

Whose name are the notices in? Do they have the business EIN or your SSN? When they have your SSN on them, I would definitely worry....

IRS has levied my paycheck by 75% for owing 7000.00 dollars. Is there anything I can do?

They might have filed your return for you. The first thing is to get that return prepared so you have options for collection. Christopher...

I am a member of a partnership that receives revenues of which I receive NONE. Yet, I get a K-1 every year. Do I have to pay tax

That is the beauty of a pass-through entity, you always get the income. If the entity retains the money, it could simply increase your basis and...

When filling out Form 433-A OIC for 2011, does IRS want copies of current (2012) bank statements, etc, or info for 2011?

Use the most current information. But I would suggest hiring somebody to prepare this for you. Christopher Larson Insight Law <a...