Is Money From a Car Accident Settlement Taxable?
Learn how a car accident settlement is taxed, from the injury-related pieces that stay tax-free to the portions treated as income and how to report them.
Can You Give an Inheritance While Still Alive? Limits and Medicaid
Learn how giving an inheritance while still alive works, from gift tax rules and lifetime limits to Medicaid look-back concerns and planning tradeoffs.
Are Living Trusts Taxable? Revocable vs. Irrevocable Rules
Learn how living trusts are taxed, from income reporting during life to the shifts at the grantor's death and the trade-offs of irrevocable transfers.
Do You Have to Pay Tax When You Sell a Car Privately?
Learn how taxes work when you sell a car privately, from when the IRS actually gets involved to handling gifts, cash sales, and post-sale paperwork.
Is It a Crime to Not Pay Taxes? Penalties vs. Prison Time
Learn how not paying taxes can become a crime, from civil penalties and IRS collection to potential prosecution and options for resolving what you owe.
Can You Claim a Child on Taxes If Behind on Child Support?
Learn how claiming a child on taxes works when you're behind on child support, from IRS residency rules to refund interception and arrears consequences.
How Much Does It Cost to Apply for an ITIN Number?
Learn how much it costs to apply for an ITIN, from IRS forms and supporting documents to professional help, renewals, and the price of getting it wrong.
Do Prisoners Pay Taxes? Filing, Credits, and Unpaid Balances
Learn how prisoners pay taxes, from filing returns and reporting income to claiming credits, handling unpaid balances, and filing after release.
Do I Have to Pay Taxes on Inheritance? Federal, State, and Income
Learn how inheritance taxes work at the federal and state level, from estate and income tax rules to reporting requirements that heirs may need to handle.
What Is Ex Gratia? Payments, Tax, and What You Waive
Learn how ex gratia payments work, from tax treatment and rights you waive to negotiating the offer and what happens if the agreement breaks down.