I assume you are talking about state INCOME tax (not local county property tax, or other type of tax). And, i'm guessing the issue arose from a 1099-C Cancellation of Debt, to the now deceased husband, from the foreclosure, (tax year 2016, based on timing?). Further, I'm guessing you... View More

You can always go on your own but I usually recommend at least speaking with an attorney first. Frequently it is to your benefit to hire an attorney.

You will need to declare the income on your 2018 income tax return when you file it next year. If the money was held in a foreign bank or other account, you may also have other filing obligations such as a requirement to file an FBAR or an IRS Form 8938. I suggest you use a professional to prepare... View More

Assuming that you paid the full amount due on the tax return in a timely manner you shouldn't have anything to worry about. Most states as well as the federal government base any penalties related to the late filing of a tax return on whether or not their is still a liability when the return... View More

Schedule C has the broad categories of business expenses you can deduct: https://www.irs.gov/forms-pubs/schedule-c-form-1040-profit-or-loss-from-business

Whenever you have an accession to wealth for services that were provided to another individual, you should report that income on your tax return. Because this job would be considered self-employment, you will be responsible for the income taxes associated with the net proceeds of the job as well... View More

Ask your employer to withhold a specific dollar amount if you are worried about underwithholding. That way it will not be based on a percentage.

You have to file a VA non-resident return along with an NC resident return.

For 2017 taxes, you can deduct your moving expenses if you returned to the US to start a new job or to work at a new location for your prior employer. You can find more information about this on the IRS webpage for moving expenses (IRS Publication 521): https://www.irs.gov/publications/p521... View More

If you are married you can only file married filing jointly and married filing separately. It is impossible to tell you which is the best way to file. Generally it is usually beneficial to file married filing jointly but that is not true for everyone. Find a good accountant and they should be... View More

It is sometimes possible for the IRS (or state taxing authority) to hold a spouse responsible for business tax issues their spouse's business has. I would recommend that if your spouse's business is having tax problems, he/she should get competent counsel to assist in dealing with the... View More

If you are not legally separated or divorced you can only file married filing jointly or married filing separately.

If you owe taxes to the IRS they can collect no matter where you live. Consult with a tax attorney and see if you can resolve your tax debt with some type of collection alternative.

There are no penalties, you just have to pay tax on any net profit at ordinary income rates, since the gain would be short-term.

You do not owe any excise tax, but you are required to file a federal gift tax return reporting the value of the home as a gift. Assuming you have not used your $5.49 million gift and estate tax exemption, no tax will be due.

You need a local attorney to explain to you why you do NOT want to be involved in the probate of this estate. If your name is not already on the property you do NOT have any responsibility for this, and it seems rather odd to me that a tax bill would be addressed to 'heirs' rather than... View More

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answered on Jun 6, 2017

Generally you don't have to pay income taxes in a state where you just own property, but if you live there part time and if you earn income from a source there that is a different story.

If I were you I would review the primer here and try to match it to your individual circumstances:... View More

The short answer is: in general, the lien stays on. In other words, the heirs take the property subject to an IRS lien. This is really the only way that the IRS can still collect on the back taxes that they are owed.

With that said, you should probably do a consultation with a... View More

You and your siblings own the home, and you cannot transfer it to yourself without consent of your siblings and their spouses, if any.

Yes. If you get sued, the home is not protected as it would be if it's in both names. Also, if you want her to receive it at your death, it would not automatically go to her.