If a partner held their partnership interest for 7 years, would the capital gain of $1,707 be considered a long-term capital gain and reported on Line 9a, Net long-term capital gain (loss), on the exiting partner's final Schedule K-1 (Form 1065) instead of Line 8?

March 6th, 2023

I intend to retire from the USA to the UK in a few years. If I set up a charitable remainder trust before going, how is that treated in the UK? Are distributions taxed as income? Is it a tax-protected separate entity from my personal assets?

July 5th, 2024

Was my tax return accepted?

February 11th, 2023

If the IRS sent a letter requesting additional information on my 2023-current tax return, do I need to wait for the letter or can an IRS agent look up my information? I received a verbal notice to wait for a letter and filed my return on 02/12/24. This is the first time I've received such a notice. What else do they need?

July 5th, 2024

How do I apply for Social Security benefits? My DOB is 5/10/62, I retired from the IRS 2 years ago, and I am currently receiving my retirement from the IRS. I need to apply for Social Security, but I'm unsure if I have to go to the local office in West Seneca, NY.

May 18th, 2024