Selling short sale. Have been waitng for forclousure for over 2 yeaars. What an I do to prevent sale taxes on forgiven loan

You will need to be advised by a competent tax advisor, be that a lawyer or a CPA that has specific experience in this area. Every individual...

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Taxable Transaction or corporate reorganization?

Provided that you do not "check the box" for the LLC to be taxed as a corporation, the LLC is disregarded and for tax purposes you continue to own...

To whom do I owe income taxes?

First of all, we need to know if the LLC is disregarded. From the way that your question is phrased, I will assume the answer is yes. Thus, for...

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If you are below the poverty threshold, are all the taxes you paid during the year refunded after filing your tax return?

More facts are needed for an accurate answer. However, based on 2011 tax rules, the following should help you determine your taxes. The answer...

I move to a house in april 2011 and there were lots of things wrong with home ask the landlord to fix the problems

I am not a Virginia attorney, but most landlord tenant laws are fairly straightforward with respect to how you protect your rights. From what I can...

Do I have a legitimate case in Small Claims to recover part of our payment?

I am not a Utah attorney, but you probably have a legitimate case. Landlord tenant laws are generally pretty straightforward. A quick perusal of...

My divorce decree filed in Deschutes County OR states that my ex-husband can claim our children as dependents on his tax return.

A couple of clarifications. The date of the divorce decree is critical to this answer. If the divorce decree went into effect after 1984 and before...

Is all I need to do file all the "Final Returns"? Or must I contact the IRS?

In addtion ot filing a final return, you should close your business account with the IRS, by writng to them at: Internal Revenue Service,...

Taxes

I do not practice in Oklahoma and the facts presented are limited, so I would suggest that you contact a local attorney. That having been said, I...

If you sell something to a second-hand store, is sales tax involved?

It is true that you should not have to charge sales tax to the store, but you may need to obtain a resale certificate depending on the frequency...