What would be my profit and tax on selling the House?

Because you paid so little for the house, it will likely be deemed that the house was given to you as a gift. Your "basis" in the house therefore...

Can the state of VA take money from my social security for business tax that I owe ? The business has been closed since 2009

They cannot levy your Social Security payments directly through Social Security Administration, as the prior attorney noted. However, they do have...

How do I change my tax status?

If you wish to revoke beginning in 2015, you typically must file your request to revoke prior to March 15, 2015. Please keep in mind that once you...

Generally speaking, claiming an individual as a dependent on your income tax return does not make you liable for their personal debt obligations.

If you only own 1% of a homestead and are the sole occupant

A PRE can only be claimed up to the extent that the occupant owns the property. So while you do qualify for a PRE based upon the information...

Your recourse would be governed by state law. Because you are asking about recovering an amount of $290, you are unlikely to find a fee-based...

If you plan to solely use the computer for business use going forward, it is probably best to draw up a bill of sale from you personally to the LLC...

Tax filling. head of household vs married joint filling

If you get married in 2015, he cannot file Head of Household on the 2015 tax return in early 2016. He will be required to file either Married -...

Taxes

You are not required to file at that amount, but it is recommended that you do to begin running the "statute of limitations." Just in case.

Can I claim my ex husband's business loss?

In tax jargon, you are referring to a net operating loss carry-forward. Because it was your ex's sole member LLC, only he is eligible to take the...