asked
How can I ensure the IRS accepts my 2008 claim for refund by proving that 'timely mailed = timely filed' and that Emancipation Day extends the 3-year statute of limitations for requesting a refund until 4/17/12?
December 11th, 2024
Can a 1099 be issued to someone for letting them take wood that was laying on the ground off of their property?
December 1st, 2024
I sold my foreign land in 2008 and received 2.4 million dollars, but the broker owed me an additional 600K. I sued the broker and won partially in 2011. I am now filing amended tax returns for 2008, 2009, 2010, and 2011. Do I have to pay penalties for accuracy related, late payment for federal, and penalties for extension, late payment for the state? Is there a way to excuse the OVDI penalty?
April 26th, 2023
Is there a cost basis for shares received in a stock split, and how should it be adjusted if the broker statement shows N/A for the cost basis of the shares received in the split?
July 28th, 2024
My husband just learned he has a tax lien for California State taxes dating back to 1992. He has never received a notice of this and it was discovered as we are getting ready to buy a house. Is there a statute in CA for collection of state taxes? If not, how do we contest this figure?
November 23rd, 2023
I received a Lump Sum Distribution from my employer in Dec. 2016 as a Severance Package for my position being eliminated. I am considering Income Averaging (over 3 yrs). I see forms for Farmers and Fishermen. What form should I use to do the math and determine if Income Averaging would be beneficial for me?
September 3rd, 2023