asked
I am divorced and my agreement states that my ex-husband must pay me 42% of his pension from the Fire Department. Do I have to claim that as income on my tax return? He is telling me that I do, but my attorney and CPA say that I don't. He is paying the tax on the income so I do not have to. Please help me.
April 21st, 2023
I administered my brother's estate following his death in October 2014. I closed the estate and filed the final tax returns in October 2015. This week I received a 1099-C addressed to my brother reporting that Chase discharged a debt of about $5700 on December 31, 2016. Do I need to file another final 1041? If so, can I argue on Form 982 that the estate is insolvent because it was closed, or do I need to claw back funds from the beneficiaries (of which I am one)? And if I need to file again, is there any need to reopen the estate?
November 17th, 2023
I contributed $12,000 to a Partnership Oil and Gas Investment in its first year. I was told I could deduct the entire $12,000 as intangible drilling costs, but my K-1 form only shows $2,990. Can I deduct the entire $12,000, and if so, where should I report it on my tax return?
January 15th, 2024
I received a call advising me to call a specific number for a Social Security lawsuit. Could you tell me if this is legitimate?
March 24th, 2023
I am in the middle of a divorce and would prefer to file my own return. My divorce wasn't final by Dec. 31, 2010. When I go through filing out the Turbo Tax info, I am being told I cannot e-file if I don't file married jointly. How can I file on my own?
July 11th, 2023
Can a person who is 65 1/2 years old and receiving Social Security Disability work to earn some money without being penalized, and if so, how much?
March 14th, 2024