The answers to your questions depend on very specific facts that are not provided here, such as your relationship to the family business, your actual interest in the business, as well as terms of the sale of your interest back to your family.

Since it is apparent you are making very... View More

Hire a lawyer. Take him to court. That's the only way.

You can't write a check drawn on your wife's account if you're not listed with the bank as a person authorized to do so. If there is a pending divorce case, let your lawyer know what she did as quickly as possible (before the refund is spent), especially if there is a court order... View More

I recommend that you file a paper return (not electronic) and include a letter stating why your reported income is more than what was reported. Spell out how you arrived at the different figure if possible. The IRS may penalize the person who issued the incorrect 1099 but you should be fine since... View More

It depends. It's increasingly common for an order allocating tax deductions for the children to provide that the recipient of support gets to claim the kids for a tax year if the parent paying support isn't current at the end of that tax year, even if the paying parent would otherwise get... View More

You may be able to obtain ownership to the property through adverse possession, but an attorney must have more information prior to advising whether or not this is a possibility. This is a very fact specific determination, so I recommend organizing all information relevant to this situation,... View More

If you were married on December 31st (even if you were separated) you have to either file married filing jointly or married filing separately. If you file with your husband and are due a refund you can file Form 8379, Injured Spouse Relief to receive your share of the refund.

Unless there is a court order giving him the exemption, the IRS should honor your claim because you have custody by virtue of him paying you child support.

Generally speaking (by which I mean there are all kinds of rules, exceptions, and loopholes): (1) IF the child lived with you the entire calendar year AND the father paid no support that calendar year, then he cannot claim the child as a deduction when he files his income tax for that year; and (2)... View More

This is a tax question. Talk to a cpa.

Take the information you've provided here and a copy of the court order to a lawyer. The answer is likely to depend on the exact wording in the court order and how the excess payments of child support are categorized (For example: Is the money legally considered a gift or is it considered... View More

You can claim exempt on your W-4, if both of the following apply to you:

1. For the prior year, you had a right to a refund of all federal income tax withheld because you had no tax liability (this means you owed zero taxes not that you overwithheld and were entitled to a refund).... View More

If you are engaging, or have engaged in a real estate transaction, you should be represented by an attorney. The fees are minimal and the benefits can be immense. All of your questions regarding the transaction should be directed to your attorney who will calculate the proration and resolve this... View More

How does it get from the deceased to you.

If there is no estate opened, no one will have the authority to file his tax return.

Sometimes, if no one files a return, the IRS files one for them.

From the sound of it this is going to be closed out with no one doing anything.

Short answer: yes.

When you examine whether you qualify for insolvency, read IRS publication 4681. Page 6 includes an insolvency worksheet. Insolvency looks at all your assets (and equity in assets) as well as income to determine whether you are insolvent or not. If your assets,... View More

Contact a tax attorney or an enrolled agent as soon as possible. If you are considered a low income taxpayer, you can seek help with a Low Income Taxpayer Clinic in your state.

You can also try the Taxpayer Advocate.

If you're at the garnishment phase, you need help immediately.

You should contact a lawyer immediately if you have not already done so.

You can claim your daughter if she (1) is a US citizen, (2) is your child, (3) has gross income for the year less than $3,900, (4) did not file a joint return and (5) you provided more than half of her support during the tax year.

If you claim her, she cannot claim herself on her personal... View More

If you are single and have had the house and lived in it for the past 24 out of 60 months, you can exclude up to $250,000 of the gain. Any excess would be taxed at 15 % for the Fed, plus state rate. Consult a tax lawyer.