asked
A client of mine did a 1031 exchange for rental property. On their tax return in Schedule E, I added a 1031 description on the original property. After that, I do not need to do anything. Any other expenses incurred after this do get depreciated, but now the new property gets the basis from the original property and gets carried forward. Please confirm.
June 17th, 2023
I received a letter from the IRS stating that I owe $3,985.68 for the 2010 tax year, which was due by March 14, 2022. I want to know the correct address to send my payments to and if there is a way to set up a payment plan to pay off this debt over time.
November 7th, 2024
Where is my tax refund for 2021? I filed electronically and mailed a paper copy in February. Additionally, I was charged twice for the app and need assistance with that issue.
June 5th, 2024
Where's my refund?
June 10th, 2023
I use an accountant for my company payroll and all taxes. Due to their mistakes in the actual filings, I was put in the highest rate category instead of the lowest. I owe 10,000.00 instead of 1,000.00 due to their mistakes. Shouldn't they be responsible for paying the additional amount since I had absolutely nothing to do with the issue?
January 1st, 2023
I need help correcting my 2020 tax year. There needs to be a correction on the AIG. I am located in Oklahoma, 66 years old, married filing jointly, and have one dependent. What are the steps to amend my tax return?
November 10th, 2024