What forms do I need to file for tax year 2018? I am retired and receive social security and a federal annuity as a widower of a federal employee. I also want to itemize deductions and determine how much of my social security is taxable.

January 16th, 2024

I am 74 and my wife is 75 years old. We both received a total of $29,640.32 from our teacher retirement and $30,304 in Social Security for a combined income of $59,944.32. The only deduction I can take is $24,000, leaving me with $35,944.32 as my income. I looked at page 58 of a document that says it's not a tax table. Does this mean I owe $3,278 in taxes, or where can I find the correct tax table for what I owe? I had $5,070 withheld for federal tax in 2018.

September 28th, 2023

I am on the payroll of one company but receiving paychecks from a different company that my current employer owes. Will I have any tax-related problems?

February 26th, 2023

If I borrow money ($100,000) to buy out my vested options from a private company, and then the shares become worthless, would I have to pay tax on the amount I borrowed (satisfaction of the debt via a return of worthless shares as de facto forgiveness of the loan)?

September 8th, 2024

I am being audited by the IRS for year 2009. My home was foreclosed on by BOA in the summer of 2009. The IRS is asking me about a Form 1099-C, which I never received. Since January 2011, I have sent four letters to BOA requesting this form, but they have not responded. I have reliable mail service but have made 27 phone calls without receiving any help. What should I do?

August 9th, 2024