Do I pay taxes on child support?
I receive child support from my ex. Must I pay taxes on child support? Questions Archive – Page 4 of 7 – Ask An IRS Lawyer Ask An IRS Lawyer You have IRS Questions… We Have Answers! Votes: 0 Answers: 0 April 2, 2014 admin
Certificates of Deposit and taxes
My wife and I have 3 CDs of $100,000 each from the sale of our home. Is it required that we pay tax yearly on the interest on CDs or when the CDs are liquidated? Votes: 0 Answers: 0 April 2, 2014 admin
How do I make estimated tax payments?
I started working for myself in 2011 and now my income is approaching $120,000. A tax preparer told me last year I should be sending in estimated tax payments? Is this true? How do I make estimated tax payments? Votes: 0 Answers: 0 April 2, 2014 admin
$250,000 exemption
Hi Paul. Thank you for this website. I am married, and our house –when sold– will net us about $450,000 in gains in excess of the purchase price. We have lived here for 20+ years. If I die before the house is sold, does my spouse lose the $250,000 exemption for me? Votes: 0 Answers: […]
Exemption for newborn
How do we claim an exemption for our new child born on Dec. 12th when we don’t yet have her Social Security number? Votes: 0 Answers: 0 April 2, 2014 admin
I owe more taxes than I can pay. What to do?
I have just calculated my taxes using a software program. Filing deadline is 14 days away. I owe $4,400 that I do not have – maybe I will be about $3,000 short. What should I do if I can’t pay the amount owed on my tax return? File? Not File? Request an extension? I am […]
Payment Plan - will I get a refund?
I am on an official payment plan with the IRS for catching up back taxes. Will I get a tax refund when I file my tax return? So far I calculate that a refund amount is owing. Votes: 0 Answers: 0 April 2, 2014 admin
Doesn't everyone have to file a tax return?
My retired and widowed father claims he was told by both an H&R Block tax preparer and the IRS that he does not need to file tax returns. Since his income has been virtually identical every year, he has not filed a return for 5 or 6 years. I have never heard that anyone was […]
Collecting Social Security and have other income
I am retired for 5 years and collecting Social Security benefits. I do have other income. Will some of my benefits will be taxed. Which form do I need to use? Votes: 0 Answers: 0 April 2, 2014 admin
Must I file a tax return?
I am a full-time college student. I work part time at a retail store as a cashier. My parents claim me as an exemption. Must I file a tax return? Votes: 0 Answers: 0 April 2, 2014 admin
