asked
An S Corp owes the IRS $319K, with $95K expiring on 11.6.22 and $65K on 2.5.23. The taxpayer is considering an Offer in Compromise (OIC). Given the close CSED dates, should the taxpayer wait to submit the OIC, and can the taxpayer rely on the CSED dates provided by a revenue officer in an informal report?
April 5th, 2024
I live in Montana and California requires withholding on income from my IRA earned in California. They denied over half of my refund. I am 82 years old, married, and made $90,000 this year. They say I didn't submit Form 3853. Can you help me understand why this withholding occurred and if I can get them to stop withholding?
March 20th, 2023
I'm late on my 2021 payment and would like to pay the amount of $110 before the late charge. How can I make this payment online?
April 4th, 2024
How much can I make before I owe taxes on stock investment in the state of Texas or the IRS?
September 22nd, 2023
I'm 39 years old and have three active 401(k) accounts, one of which has been active since 2015. I want to use the funds from my 401(k) as a down payment for a home. What are the tax implications and penalties, and is there a way to avoid or minimize them?
April 4th, 2024
My elderly father sold me the family house 5 years ago for $1, and I am now selling it for $750,000. My father did not file a gift tax return at the time, and I am unsure about the tax implications. I have lived in the house since the sale and am filing a single return. What are the tax implications of this sale, and is there any way to retroactively treat the transaction as a gift?
March 19th, 2024