I bought 1000 shares of a stock at $4.00 and now they are worth $0.11. Can I sell them before I file my 2008 tax return and claim a capital loss? I have no other capital gains or losses.

January 10th, 2023

If the networking club is incorporated, can it have two different organizations as chapters under the same EIN number?

August 27th, 2023

How long do I have to pay an inheritance tax if my uncle left money in a life insurance annuity, and can I pay it when I take the money out to help spread out the tax burden?

June 15th, 2024

I have an offer on my home to sell. If I agree to the purchase price, we will incur in excess of $250K in losses. Can that amount be deducted in any way against Federal & State income taxes in future years? Do I realize any tax benefit in this scenario?

June 29th, 2024

I have a question about rolling over my 401k from my former employer into a traditional IRA at Ameritrade. I have half of the money in a Wells Fargo ESOP fund and the other half in regular funds. I want to know the tax implications of rolling over the Wells Fargo ESOP fund and what the tax implications would be if I take distributions in a couple of years (I am 42 now).

June 9th, 2024