If you have 21 acres with your house on the property, and you sell off a few acres while still living in the home, do you have to file capital gain taxes if you are located in Alabama?

July 25th, 2023

I made an IRA disbursement for 2022 in January 2023. I am 90 years old, married filing jointly, and my spouse died in October 2022. Can I get the penalty forgiven?

September 2nd, 2024

I filed my 2022 income taxes electronically through H&R Block but was rejected because I need an IPIN number. Where can I get this number, and how can I confirm that I was only charged $1.00 for this information?

September 7th, 2024

I received a rental property as a gift from my father in 2016 and am now selling it for $190,000. How is the capital gain calculated, and how much could it be? I am filing married jointly.

September 18th, 2023

I am a college student with an LLC that grossed $21K in 2022, starting in July, with a net profit of around $16,000 after basic expenses. My parents claim me as a dependent, but I pay for my own rent and living expenses with money from my LLC and a college loan co-signed by my father. I want to know the potential benefits of claiming myself as a dependent and the impact of claiming education credits on my income tax for 2022. Additionally, I need to understand the sales tax implications for digital products and the total income tax I would owe for 2022.

February 29th, 2024