What are the tax implications of property held Joint Tenants?

The tax implications are to the cost basis of the property. You will get a partial step up in basis attributable to the interest of your sister as...

Is it illegal for someone to claim taxes on an apartment under your name?

Please restate your question and provide additional facts.

Will my 2008 and 2009 taxes (filed in 2009 and 2010, respectively) be discharged in a Chapter 13 or Chapter 7?

No, the 2008 and 2009 taxes are too recent to discharge in bankruptcy. If you are an individual under chapter 7, the following tax debts,...

Can i file a married filing seperately tax return when i marry someone who owes child support?

Yes, filing as "married filing separately" is a good option to protect your tax refund versus liabilities of your new husband. It may cost more tax...

Yes, it is a general practice for creditors with a judgment against you to take your tax return. The judgment against you gives them the right....

My ex husband is asking for a copy of my next year's tax form what for?

Tax returns are confidential, and your ex husband is not entitled to your return unless you voluntarily want to share it. For your 2010 return to...

Selected as the best answer

If my wages are being garnished for student loans can the irs take my tax refund?

The facts provided in your question are not clear. Are you asking whether the student loan creditor can get your Federal tax refund? If so and your...

How to get to claim daycare as expence to irs with no reciepts

Gather your copies of your checks cashed for daycare from your bank and any stubs retained. Request receipts from the daycare and/or a letter...

Single Non Resident Alien LLC : which federal taxes?

Assuming you plan on offering your event planning services in the US, then income from such personal services is sourced to where the services are...

Can I claim my friend and her daughter as dependents on my taxes.

Regarding the child, , the IRS requires all of the following tests must be met to claim a dependency exemption under the rules for a qualifying...