Can a loan company take your federal tax refund

Do they have a judgement against you? If so, then they can try by garnishing the bank account the tax refund may be deposited in. Please click...

I own two homes in ca. I am about to foreclose or possible deed in lieu on my rental. Question is regarding tax liability

You cannot use the exclusion from gain for the sale of a principal residence on the sale of a rental where the use test is not met. Furthermore,...

How can I claim independence on my taxes and FASFA

You should be able to proceed with filing under "Single" filing status. Warn your parents that your are filing, so they don't claim you as a...

Although there is not a way through the IRS to have the 501c3 fee waived are there any orgs that may help you establish the NP

FYI...You may find the GuideStar website (http://www2.guidestar.org/) to be a helpful link. Please click “thumbs up” if you’ve found this...

Back taxes after adjusting status to Permanent Resident?

First of all, be cautious of anyone making a guarantee about settling tax debts...highly suspect. Next, there are penalties for failure to file a...

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Were you married in 2009? If so, then if you file married filing jointly for both years, your spouse's potential tax refund may be taken to satisfy...

I received a lot of money from friends to help me through tough times last year. Do I have to report this on my taxes?

As a US Taxpayer, you are required to report income from whatever source derived. While gifts under $13,000 annual exclusion may not be taxable,...

Criminal case with taxes

You will likely need both. I would start with a tax attorney and see who they recommend to handle criminal cases with tax issues. Definitely do not...

I was just granted sole custody and sole rights to my son, do I get to claim him on my taxes?

For tax purposes, all you have to meet is all of the IRS child dependent exemption criteria. Since you have been providing 100% of financial...

My mother in law passed and left my wife with $125k in an account oversea, where she was from. Do we need to pay tax on it?

This inherited account has triggered additional filing and reporting requirements for your wife. Your wife will have to indicate an interest in a...