Is a W-9 form required for persons who wish to get reimbursed for expenses, even if the reimbursement amount is expected to be $50.00 or less, and they are receiving no other compensation?

November 25th, 2024

I owe more than 20K in back taxes and have a payment plan set up. I want to negotiate a settlement to remove the failure to file and failure to pay penalties. The reason I couldn't pay is partly due to the failing economy and because my ex-business partner ran off with the money that should have been used to pay the taxes. Are there any rules that I can mention in my letter to the IRS that would provide leniency, especially if I offer to pay in full rather than over an extended period?

September 28th, 2023

If my grandparents' house in Vietnam, now owned by their children living in the United States, is sold, will the children have to pay taxes since their bank accounts are in the U.S.?

December 6th, 2024

My mother receives an Aid and Attendance pension from the VA as the surviving spouse of a WWII veteran. Are the payments taxable?

February 27th, 2024

I have back taxes to file for an old business that went under and hardly made any money. This dates back to 2005. I am missing a lot of the old paperwork and don't have the bank statements. After 2005, there was little activity and the business dissolved in 2007 because we did not pay our registered agent fee. It was a C Corp. I didn't make enough money from the business to have to file personal tax returns (made less than the filing requirement). I want to file the returns but don't know how I'd ever have accurate numbers.

October 12th, 2024