A couple, who recently got married in February 2022, bought a house together years ago and own it 50/50 on the mortgage. They are filing single for 2021, and the husband paid the mortgage interest in 2021. The husband also has a solar credit in his name. Can the full mortgage interest be credited to the husband's return, or should it be split 50/50 according to their ownership percentage? Will this decision affect their tax situation next year when they file jointly?
October 30th, 2024
I am on disability and receive about $21,000.00/year, plus another $13,000.00/year from workers' compensation. I am looking for information on additional financial assistance, particularly for rent and utilities, as I am currently behind on rent and have accumulated a balance of around $4,000.00. Are there any governmental programs or stimulus payments that could help me with these expenses?
November 7th, 2023
I received IRS Letter 5071C and was instructed to register on the website idverify.irs.gov. I am trying to verify my identity as the filer, but they require paperwork I do not have. I filed my taxes online through the government e-file on March 7, 2022. What should I do next?
September 19th, 2024
I need a copy of a 1099 form for my 2021 taxes. It is not related to real estate, but rather my social security benefits. How can I obtain this form?
January 8th, 2024
Why is my dad asking for my driver's license as proof of residency for his taxes, and can he claim me as a dependent if I have income?
March 13th, 2023
I acquired a home from a family living trust in 2011, originally purchased in 2006 for $360,000, and sold it this year. The home was appraised for $204,500 when final taxes were paid for the trust. I am trying to determine the correct value to use for capital gains taxes on the sale of the house. What basis should I use for the home, and how does it affect my capital gains calculation?
February 17th, 2024