The instructions for the W-9 indicate that you should enter your own personal SSN if you are a disregarded entity. See Part 1 of the instructions...

If the 1st mortgage is under water, what can the 2nd mortgage, in default, do? Does the 6 year statute of limitations apply?

The statute of limitations is in regard to an action on your personal liability. The lender still has a lien interest in the property even if the...

Legally separated. Home was bought when married but only under his name. What happens when it goes back to the bank?

If the property is foreclosed under a "non-judicial" foreclosure, the state statute does not allow the lender to come after you for a deficiency...

I filed Chapter 7 in June, 541 meeting done in Aug. The trustee is now asking questions...........

First thing, please cooperate with the Trustee. Failure to cooperate can create a situation where you can jeopardize your discharge. You will...

Gift from overseas. Is it taxable?

As the previous posters stated, gifts are generally not taxable to the person receiving the gift. The gift may be taxable to the giver, and there...

Do I need to report a foreign bank account exceeding 10000 USD to the IRS? (FBAR / FinCEN report 114)

The short answer is yes. The FBAR system is simply keeping track of the usage of off shore accounts by US Taxpayers. Whether you earn money from...

Filed Chapter 7 - Need to take IRA distribution

I echo that you need to consult with your attorney on this matter. After the 341 hearing, the trustee will issue a notice to the court that the...

Where would I find the provisions for allocation of children as federal tax exemption in divorce decree?

You will need to review your copy of the support agreement and IRS form 8332. as signed by you. IRS form 8332 must be signed and indicate the years...

I have a federal tax lien on my home. When this lien is paid off, will the lien on the title be removed so I can sell?

If you have paid off the lien, a lien release is supposed to be sent to you. If you have not received it, then you should follow up with the IRS. ...

Filing Head-of-household on federal taxes

You will need to review your copy of the support agreement and IRS form 8332. as signed by you. IRS form 8332 must be signed and indicate the years...