123 legal [2, *]questions have been posted about taxation by real users in Ohio. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include estate and gift taxation, income tax, and tax audits. All topics and other states can be accessed in the dropdowns below.
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No, only C corporation stock qualifies a QualifiesSmallBusinessStock. Since this was an S corporation at time of sale, no sec.1202.
If your talking about lowering your real estate taxes hire a lawyer, if you're talking about deducting property taxes on your income tax return, go... Read Answer
Foreign subsidiaries of US corporations are not subject to US federal income taxes. ?Any profits that are paid by the foreign subsidiary is taxable... Read Answer
If it is community property, then it is half her responsibility, too. Is she signing only to verify the truth of the info about her? Either way, we... Read Answer
See an attorney, generally it should be your sole responsibility but no opinion without the details.
You and your spouse need to be represented by an attorney. She definitely needs legal advise before she signs anything that could make her liable for... Read Answer
Only the profit on the sale of a house is taxed. Not the entire sales price. If the house is your residence, the first $250,000 of profit is exempt.
Any gain over basis will be taxed.
Generally not if it was a personal residence, but I need more details.
When you say "surcharges" do you mean penalties? You can attempt to negotiate the penalties down if you're able to make a payment for the remainder.
In addition to likelihood that they will fight about the ownership after you are gone, you lose the step up in basis that would avoid income taxes on... Read Answer
Ask for a review by the IRS appeals division, pay the tax and file for a refund in Federal court or file a claim with the Tax Court.
This is not all that difficult to accomplish, but I would need a retrainer before I wold undertake this case.
Either pay the $2,200 or enter into an installment agreement with them.
It won't get removed from the public record, but the IRS will file a release of lien which will be filed publicly.
If you spend the dinar, then it isn't taxable. If you exchange the dinar for dollars, you'd have a gain of $50,000 dollars.
If you worked as a nanny in your employer's household, your employer is committing tax fraud by not withholding taxes from your wages and paying the... Read Answer
Firm 8822 is for reporting a change of address. You can print one out at irs.gov on the 'forms and publications' menu.
Wages that are repaid are not taxable income for income tax or SSI purposes. The employer should issue a w2 that reduces income by the amount of the... Read Answer
Either a tax lawyer or a CPA who represents people before the IRS can help you out.
Loan cancellation is only taxable income if you're solvent - meaning your assets are worth more than your debts. If they cancelled the loan chances... Read Answer
Declare bankruptcy. A 2010 tax bill should be dischargeable.
Contact a criminal tax attorney to help you through the investigation.
The first time home buyer credit expired in 2010. There was no credit to claim in 2014. Bankruptcy does not transfer ownership of the house,... Read Answer