IRS Tax Records

Due to the confidential nature of tax returns, you would need to have someone representing each filing family member before the IRS file Form 2848...

Which parent is entitled to claim our son as a dependent for tax purposes?

For your federal tax return to the IRS, the child must live with the claiming taxpayer for at least half the year to satisfy the residency test...

In most instances, benefits received under a life insurance contract because of the death of the insured person are not includable in gross income...

Tax implications of a Short Sale

A short sale under the amount of debt on the property triggers tax liability for cancellation of indebtedness under both federal and state tax...

What arr the restrictions on selling things on amazon.com? and how about tax?

It is the duty of the seller to collect from buyers and remit sales tax to the appropriate tax authorities. If you fail to collect sales tax when...

Can I give a gift back to my mom to avoid the gift tax?

The donor (i.e., your Mom) is generally responsible for paying the gift tax. Under special arrangements the donee (i.e., you) may agree to pay the...

Could I be held liable if I know that the company I'm working for is behind on their 941 Federal Tax for 2009 and 2010?

More information is required as to type of taxes that might be at issue. If employment tax is involved and you are an officer of the entity or a...

Taxes

If you want to report this person, you may be eligible for a whistleblower informant award or you can report the instance as potential fraud while...

My dad forged my name on my income tax and put in small print pay to the order of his name. what can i do

If you want to report your dad for fraud, the IRS provides the following: If you suspect or know of an individual or company that is not...

Is a US Citizen living abroad on work visa required to pay US and/or state taxes?

Because you are a U.S. citizen, you are taxed federally on your worldwide income wherever earned. You can check publication 901 on the IRS website...