I inherited a house via trust on 4/1/23, sold it as-is for $150,000 on 5/26/23, and the home value at the date of death was $230,000. Is the $80,000 loss deductible?

April 9th, 2023

If we don't have any employees in an LLC and no salaries, should we stop filing Form 941, or how do we 'deregister'?

May 21st, 2024

I pulled my transcript because the WMR says it's still processing. It shows my refund amount but with an adjustment that adds $500 more. I have codes 570 and 971. I am located in Dallas, TX, 46 years old, and have a dependent daughter. I usually file single but this year, due to an agreement with my ex-wife, I claimed my daughter since I took care of her last year. I made $87,249. What could be causing the delay and adjustment, and what should I do next?

December 26th, 2024

I forgot to list a short-term transaction for noncovered tax lots on my Federal Tax return, specifically a crypto 1099-B. The transaction was a relatively small amount: bought for $102 and sold for $704. I've already filed and it has been accepted for 2021. How do I amend my tax return to include this missed item?

March 2nd, 2024

I want to increase my withholding tax from my social security money. Where can I find the form to do this and what are the steps to complete it?

July 30th, 2024