If a trust did not send out a 1099 by January 31st, and then issues an estimated 1099 before the end of February, followed by a corrected 1099 within 30 days after the original due date, and potentially a second corrected 1099 later, what are the penalties for each scenario?

February 11th, 2024

I rented out a bedroom last year for 6 months, earning $3,000. Do I need to pay taxes on this income in Minnesota, and if so, how much would I owe?

July 24th, 2023

My daughter went to college in a different state and we provided her insurance through our marketplace plan. She graduated in May and immediately went full-time at a company in the area where she graduated. We provided insurance until her company insurance kicked in. Now she was not a dependent for more than six months. We are afraid if we don't claim her on our taxes, we will have to pay back marketplace subsidy. Can my daughter claim herself as a dependent for her tax return or do we have to claim her because we received marketplace subsidies based on her being our dependent?

October 6th, 2023

I have not filed a tax return since my divorce in 1996. I had a short contract labor position and then went to rehab for two years without working. I started a salaried position in 2020 and have had all taxes taken out since, but I have not filed any returns. What steps should I take to resolve this situation?

March 11th, 2024

My parents want to gift their house to me, and they won't be paying a mortgage anymore. I want to avoid paying taxes for the house. How do I go about doing that, and what’s the cost? I live in New Jersey.

October 13th, 2024