Can you provide a breakdown of how to calculate my Illinois state taxes based on my income sources and help me understand how to potentially reduce this tax?

January 4th, 2023

I have a complicated situation with a home property that sold in 2015. The house was transferred between siblings, and my name was added in 2012-2015. My sister has always claimed the house on her taxes as both a rental and residential living. The house sold in 2015, and the check was written out to me for $925,000. How will the property tax gain be calculated, and how should the sale be reported given the complex ownership history?

May 30th, 2023

Can anyone be a tax preparer and sign a tax return, and does it require any special classes or training to sign tax returns for other individuals' taxes?

May 23rd, 2024

As a Commercial Class A Driver operating under DOT Hours of Service regulations, are my meals on the road deductible?

March 8th, 2024

I purchased a home from my mother who held the property in a trust. The transfer tax was waived, but is there a way to avoid some of the capital gains?

March 21st, 2024