I have sold a piece of land

I would suggest you go see a tax attorney to work out the exact tax you will owe on this land, as you will owe tax on it. For all property, you...

Is a owned mobile home,sitting on a rented lot,counted as personal property or homestead in ch.7

Not 100% sure which home you are worried about being subject to judgment, but typically, the point of bankruptcy is to ensure that creditors cannot...

Is charitable crowdfunding taxable income?

The short answer to your question is: yes, this is taxable income. The one exception that comes to mind is if this is a gift, which can be...

California Tax Board put a levy on my bank acct in 2013, collect unpaid registration on a vehicle purchase in 1998. Can they?

In most cases, California has three years to collect the fee from the date the the sale/transfer caused the tax to become due. If the state...

Can a lien be placed on my settlement to where the money has been paid already and there still holding the check

Tough to answer this question without more details, but yes, tax liens can be asserted against property, and while the likely outcome is that they...

I opened a savings account, got a routing number and account number at that time. I went home, did my taxes and set up my return

The good news is you will more than likely be able to get your refund via a paper check after the bank returns the refund to the IRS. If the bank...

I owe the irs a large amount from a lump sum distribution. Can i get it reduced or set a payment plan?

Take a look at your options for setting up a payment plan. You will need to provide the IRS info about the current state of your finances, and...

Can a legally incorporated non profit church that cease to exist, lease their church

Typically , when a non-profit ceases to exist, it needs to distribute its assets for a charitable benefit. If the non-profit owned the church, you...

There is nothing inherently wrong with filing a 4056-T if you haven't ever filed taxes. It would save you time explaining to your lender that you...

Selected as the best answer

This question is for someone very familiar with the American Taxpayer Relief Act of 2013 as it pertains to tax brackets.

The grid in that article gives you a great answer to your question - if you are in a lower tax bracket, your capital gains tax rate on long-term...