If I turn 70½ in October and take my minimum withdrawal before the first of the year, do withdrawals taken after the first of the year count toward my 2018 or 2019 taxes? I want to take out most of the money but don't want to pay 2018 taxes on anything but the minimum.

October 27th, 2024

I administered my brother's estate following his death in October 2014. I closed the estate and filed the final tax returns in October 2015. This week I received a 1099-C addressed to my brother reporting that Chase discharged a debt of about $5700 on December 31, 2016. Do I need to file another final 1041? If so, can I argue on Form 982 that the estate is insolvent because it was closed, or do I need to claw back funds from the beneficiaries (of which I am one)? And if I need to file again, is there any need to reopen the estate?

July 7th, 2023

We invested $25,000 in a CD over 3 years, and when it matured, it was worth $30,350. Do we have to pay taxes on the whole amount or just what we made over the initial investment?

December 6th, 2024

My elderly mother survives on assistance from me and her monthly social security. She lives alone and pays a mortgage. She has not done her taxes in several years. Someone told her she doesn't need to anymore, but I am thinking she may benefit. Please advise.

May 12th, 2023

Where can I get a copy of my award/benefit letter for a reverse mortgage?

March 14th, 2023