My stepdaughter lives with my wife and I 12 months of the year. Her mother and father were not married. Can he claim her even though she does not live with him? Also, what action do I need to take if he already has claimed her?

March 14th, 2024

Who is the richest country in the world?

November 2nd, 2024

I reside in Oregon and received backpay and a W2 from my former employer in Arizona, where taxes were withheld. I need to list two W2s on my 1040 federal return. However, it appears Oregon will not allow me a tax credit for taxes paid in Arizona, requiring me to pay taxes on W2 wages from Arizona. Is this true, and if so, how should I handle this to avoid double taxation?

May 24th, 2024

My father is selling his business and will be giving me a one-time gift of $250,000. What amount of taxes will he and I have to pay?

November 17th, 2023

I recently filed my tax returns for the years 2004, 2005, 2006, 2007, 2008, and 2009. I should have received a refund of over $11,000 for 2004 and 2005, but I owe $12,000 for 2006. I didn't realize there was a 3-year deadline for filing and claiming a refund. Would the IRS give me a tax credit for the 2004 and 2005 refunds to set off my tax debt? I have the same problem with NYS taxes, where the debt is even greater.

May 30th, 2023