Who claims child on taxes in alameda county ca

In the absence of a decree stating otherwise. Usually the divorce decree will allow the non-custodial parent to claim the child in alternating...

I am 75 yrs old and have an ira worth approx. 400,000. I do not need income and the rmd simply puts me in a higher tax brac

Moving around a $400,000 IRA can be tricky and you could end up owing a huge tax bill. Speak with an estate planner to have a comprehensive review...

If i receive money from someine's estate (any amt) is it tax free for threcipient?

No taxes to the recipient except in narrow circumstances such as receiving an IRA or some other asset that does not receive a stepped up basis....

Tax return - amended and has been rejected

This is quirky because the IRS is correct. You cannot amend a joint return back to a separate return. However, you filed it with the wrong person...

I owe back taxes. I settled my personal injury claim today, and was ask for my SSN. Does this mean the IRS is taking their cut?

Not always. You will be required to properly apportion the income. Funds received for personal injury are not included in income, but those...

Contact Taxpayer Advocate Services and tell them that you were the victim of tax fraud when you were incarcerated. However, be prepared because if...

Can I claim my daughter on my taxes?

It doesn't sound like they mean indirect benefit. It was established because you were not working and had no income. If this is still the case,...

If you receive a small value monetary gift from a friend in a check form, do you need to keep any records?

It is up to you to prove it is a gift if later audited. For instance, if they were to audit you based on your bank statements, they would see this...

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You can become subject to tax in two ways: 1. Living there; and 2. Making money there Heck, you might end up paying more when you factor in...

Tax appraisal vs market value?

You are supposed to use the Fair Market Value of the property at the time of death. You must substantiate this value. If it was appraised before...