I sold my primary residence this past summer and made capital gains. I am not employed and my other income comes from investment dividends and Social Security survivor's benefits. Do I need to pay estimated taxes on the capital gains, and how do I determine if I should have paid estimated taxes on my other income sources?

November 25th, 2023

I received an IRS letter 5071C asking to verify my identity before any refunds, tax credits, or other sources could be given to me. What should I do to verify my identity?

February 26th, 2023

Regarding freelancing and tax loopholes, if I don't make it an official business and treat it more like a hobby, how would this affect my taxes? Additionally, what is the bare minimum I could make monthly for it not to be taxable, and can I legally classify payments to a friend for a project as a charity to potentially reduce my taxes?

August 31st, 2024

When buying a property, should closing costs be added to the total cost or amortized? How should interest, property tax, and other items reported on HUD be handled for an investment property?

July 8th, 2023

I need copies of my 2021 and 2020 tax files for refinancing my home. Is there anything else the Accountant should know before connecting me?

September 19th, 2023