If you’re married/Registered Domestic Partner (RDP), you may choose to file separately. Each spouse or partner will prepare a separate tax return and repo...

A prepayment penalty is a fee you may have to pay if you sell before your loan is paid off. A prepayment penalty can be calculated a few different ways, v...

A power of attorney allows a person, known as the principal, to name an individual, known as the agent, to act on the principal’s behalf. The powers grant...

A sale of property to a family member or someone who you are not dealing with at “arm’s length” generally takes place—for tax purposes—at fair market valu...

The largest landowner in the world is not a major oil magnate or a real estate investor. No, it’s the Roman Catholic Church. According to lovemoney.com, t...

You can obtain a summary of the status and actions taken on your case at the Superior Court of California, County of Los Angeles website. Click “Access Yo...

section 1001, Determination of amount of and recognition of gain or loss. IRC section 1001 explains how to calculate gain or loss on the sale or dispositi...

Since 2008, Oklahoma mineral rights owners have registered mineral ownership with the Oklahoma Mineral Owner Registry. If the current owner cannot be cont...

Where do I enter capital loss carryover from a prior year in a 1040 return? Capital loss carryovers from a prior year may be entered on the D2 screen (on ...

With some exceptions such as college tuition, the IRS says a gift is anything your grandparents give you for which you don’t pay them fair market value. I...