I had $150,000 in a China bank account 2 years ago and forgot to include this in my last year's tax return. I lost $50,000 in the past two years. Do I get a penalty for not reporting this asset on my last year's tax return, and can I get a tax deduction for the investment loss incurred in this account?

November 9th, 2023

My mom passed away in Feb 2012, and my sister was the executor of her estate. Her final assets total about $82,000 for each of us. My sister took a lump sum last year, but I took $25,000 in 2013 and left the remainder in the investment (NY Life annuity). Do I need to fill out any paperwork or tax forms regarding getting this money, and do I owe any inheritance tax on this amount? Also, does the state of PA (where I live) get involved in any forms or taxes? Is it different if I rolled the remaining money ($57K) into an IRA?

April 22nd, 2024

I made $11,000.00 in 2018, have collected no unemployment, have no children, and no spouse. Do I owe taxes, and if so, what would I receive in owed taxes?

November 9th, 2023

I can't get my AGI from the IRS due to my address. I want to e-file. What can I do?

May 21st, 2024

I'm a 23-year-old college graduate who took an unpaid internship in Summer 2018 and received a $2000 housing stipend as a lump sum at the end of the internship. I don't know how to report this. Have you talked to a tax professional about this?

January 26th, 2023