Yes, you can request abatement. You have to establish that your failure to file was due to reasonable cause and not willful neglect. But there...

There are many reasons why computerized records may not match. It could have something to do with your ITIN but I doubt it because it appears you...

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My sister wants to transfer her condo to our names, no money, just take over the loan. What is the complication with tax/bank.

First: read the promissory note that your sister signed when she obtained her mortgage. Most mortgage loans today are not assumable, and most have...

Do I need to pay any taxes on a money gift?

Both of the answers previously posted are correct. However, as Mr. Givner suggests, read the instructions for form 3520, and read them very...

Federal Tax refund check was RTS and I did not know,I have been waiting for months.

First, you shouldn't "guess" what happened. Either use the online "Where's My Refund" feature to get your status, or use the telephone version of...

My 2 brothers and I inherited a house appraised at 1.5 million at death. Wondering what capital gains tax will be incurred.

This answer presumes that you inherited the house after 2010. If you acquired it anytime during 2010, different rules apply. 1. Your basis is FMV...

On based my EAD, should i pay for medicare tax and social security tax?

You say you are "working." Are you self employed, or are you someone's employee? As an employee, your employer should have determined whether to...

My husband had several yrs unpaid taxes from before we married. I was only one with income for the year. Can irs take refund?

The IRS has 10 years from the date the tax is assessed to collect the tax. If you didn't live together, it would only matter if you had a child...

Where should I pay taxes if business is registered in another state?

Form 1040 Schedule C includes income from anywhere. Did you mean to ask about your state taxes? Generally, a state will tax income that was earned...

My deceased brother filed for a first time homeowners tax break in 2008, but he or his wife were not first time homeowners. She

Many people don't understand the tax code definition of "First time home buyer." It doesn't really mean what it seems. Code section 26 USC...