Learn how taxes on a divorce settlement work, from property transfers and support payments to retirement accounts, asset sales, and post-divorce filing.
Learn how to buy out a partner in an LLC, from setting a fair price and structuring the deal to handling the tax consequences and paperwork that finalize the change.
Learn how pastors are considered self-employed under dual-status rules, from Social Security and Medicare duties to housing allowance issues and opting out.
Learn how a Crummey notice preserves the annual gift tax exclusion, from drafting and timing requirements to proving receipt and correcting past lapses.
Learn how OMB No. 1545-0008 applies to federal wage-reporting forms, from its origin and purpose to the legal weight it carries and the privacy safeguards.
Learn how a federal tax evasion sentence is determined, from prison time and financial penalties to lasting consequences and options for reducing exposure.
Learn how to get an estate tax ID number, from confirming whether the estate needs one and applying with the IRS through post-EIN deadlines and closing out.