I received a call from someone claiming to be from the IRS, stating that I owe $2550.00 from an audit covering the years 2010 to 2017. Is this a legitimate call, and what should I do?

February 23rd, 2024

I received a letter from the IRS requesting that I send a Form 8962 along with a copy of a Form 1095-A. However, I had insurance through my employer and only received a Form 1095-C. Why is the IRS asking for a Form 1095-A and Form 8962, and what should I do in response?

January 21st, 2023

Is there a penalty for paying taxes at the end of the tax year instead of having taxes withheld from each paycheck or making estimated tax payments?

July 28th, 2023

If I file exempt on federal taxes for the whole year as a head of household with a dependent 13-year-old and have a gross income of $95,000, would I end up owing $5,000 in taxes, and what deductions or expenses could I potentially claim?

December 15th, 2023

I quit farming and want to sell my home along with the farm land and woods. The home is valued at about $175,000, and the farmland and woods are valued at about $225,000. Can I exclude the entire sale amount under the $500,000 tax exclusion for my home?

December 20th, 2023