My husband and I have used the same CPA firm for over five years, but recently received letters from the IRS stating we owe almost $41,000 for the tax year ending Dec 31, 2017. The CPA assured us the issue was resolved, but we've received multiple follow-up letters. Now, the CPA is asking us to sign a form 2848 to speak to the IRS on our behalf. Since this CPA has done our taxes for years, does he really need us to sign a form 2848? And is it within my rights to call the IRS directly?

January 21st, 2024

If my ex-partner claims our child on her tax return, can I still claim the head of household (HOH) status and the earned income tax credit (EIC)?

June 17th, 2024

My stepmother died in 1995, leaving a will stating her daughter could use/rent her townhouse, but upon its sale, the proceeds were to be distributed among her 2 children and 2 stepchildren. The daughter rented it out for 20 years and used it personally for 3 years without distributing any rental income. What tax forms will be distributed to the recipients of the proceeds from the sale, and will anyone receive a 1099S?

October 15th, 2023

I need to file a 1099 for a caregiver who was paid more than $600 for my husband's needs. I'm unsure if I need to file a 1096 S for California and where to find the form and mailing address. Additionally, I'm confused about whether I need to have the caregiver fill out a W-9 and if I should issue a W-2 instead of a 1099.

July 8th, 2023

My mom would like to cash out $100,000 from her IRA and use the money to purchase another property. There are no penalties at her age. Would it be taxable income and what would the amount be?

May 12th, 2023