asked
I am selling an inherited property to my cousin. He gave me a substantial down payment, but the transaction will not close this year. What do I need to show/tell the IRS when I do the taxes to avoid tax consequences, especially since I am selling the property for much less than its inherited value?
August 1st, 2024
Is it true that you can deduct the tax you paid on a new car?
July 7th, 2023
Are disability benefits paid by an S corporation for the shareholders deductible?
April 18th, 2023
I am getting few hours of nanny service in exchange for rent from our mother-in-law's apartment. What are the tax documents that I need to file and also to provide my nanny in this situation?
March 21st, 2023
Can I deduct the maintenance (alimony) and health insurance payments I make to my ex-spouse from my reportable personal income, and if so, can I show these payments as business expenses to lower my gross income from my business?
March 29th, 2023
I started a Roth IRA in 2009. Can I draw that fund into my checking account on Jan. 1, 2014, and it will be tax-free income if I am 66 years old?
April 18th, 2024