Can Mortgage interest be a tax deductible for the one that is not on the mortgage loan but helped paying during life crisis?

There are very limited circumstances under which a person that is not liable for a mortgage can take advantage of the home mortgage interest...

My parents would like to to Quit Claim Deed their home to me. Will I have to pay income tax on this transaction?

From an income tax standpoint, you should have little to worry about. There may be income tax consequences to your parents, if there is any relief...

Can we establish online businesses as LLCs in Nevada, Wyoming or Texas but live in Oregon to avoid tax on income.

The facts are too vague for good answer, but the short answer is no. If you live in Oregon, i.e. you are an Oregon resident you will pay tax on...

Do you have to pay taxes for exempt merchandise sold in florida? I most likely would be selling on eBay,amazon. No Physicalstore

I am assuming that this was a sales tax collection question. Here is a quick answer. From your location it appears that you are located in Florida....

Bona fide gifts made to your friends would not cause them any income tax or gift tax consequences. The lottery winner (donor) may have gift tax...

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The name on my NCDL (2nd married) is different from the name on my federal tax return (1st married). Which is legal/correct?

In most states, you can change your name by usage after marriage or divorce (changing your drivers license, changing your voters registration,...

I am a full time RVer and need to make a state my domicile for taxes. I would like to use Florida.

The question of your state of legal domicile is always difficult, especially if you were previously domiciled in a state that imposes individual...

Business owner who needs support for an unreasonable audit by department of labor and industries

Labor & Industries auditors can be very difficult to deal with and in my experience tend to treat all taxpayers as criminals, especially as it...

What can I do to make sure that my nephews father doesn't claimhimon his taxes like he did last year when I have guardianshi

There are specifc IRS rules for determining who can take the dependent exemption for a qualifying child. During 2012, it appears that you meet...

Ny State sales tax

I agree with James that collection of sales tax without remittance to any state is a very serious problem that needs to be dealt with as quickly as...