I filed my Federal and Illinois state taxes through TaxAct online and received a letter from the Illinois Department of Revenue stating I owed $1517.93 more in taxes than the original $7704.00 on my TaxAct return stated. I sent the letter saying I didn't agree with copies of my federal return page 1 and my W2 and 1099R forms. I just got another letter stating they still feel I owe the extra money. What should I do about this notice?

December 9th, 2023

How do I complete a final tax return (Form 1041) for a revocable living trust where the estate cash assets were less than $4,000, and the only significant asset, a home, was sold with proceeds of $106,000 each distributed to the new grantors, Pamela and Jeffery, according to the trust instructions? Specifically, how should the sale of the property be reported on the 1041, and does the trust need to report the financial distribution to the grantors on a K-1?

July 7th, 2023

I received a letter from the FTB stating I made 50% more income in 2021 and owe $3k, and they can't confirm my State income tax. I filed married-filing-separate and may have incorrectly entered my spouse's SSN on my TurboTax form. What should I do?

December 13th, 2024

I own 25% of a business from which I receive W-2 wages. Does Social Security consider me as self-employed, and how does this affect my Social Security benefits if I apply for them before reaching full retirement age?

March 2nd, 2024

If I claim my adult children as dependents for 2021 taxes, would they be required to return the third stimulus payment received in 2021, which was based on their 2020 eligibility but technically for 2021?

August 7th, 2024