I’m being told I have to sign a document saying that I have received all the monies from my father's trust even though I haven’t. What is left is $884 from his tax returns and I am told they will not release it until I sign. They say it’s standard. I don’t want to sign it. What are my rights?

January 13th, 2023

I received a Notice from the IRS stating that I owe them approximately $11,000. This is the only notice I received, and it states that if I don't agree, it will go to the tax court on December 29, and if I don't reply, they will assume I agree. I would like to make payment plans to start in February. Will they offer me a payment plan if I don't answer, and if so, how quickly will they get back to me?

July 21st, 2024

We missed issuing a 1099-Misc and have already filed our Form 1096. We need to file a corrected 1096 on paper as we did not file 1099s electronically. Do we need to re-submit all 1099-Misc Copy A with the corrected 1096?

July 11th, 2024

How can I establish the basis for the sale of a rental property (a 4-bedroom ranch) that I purchased as a shell, had moved to a lot I owned, and made numerous changes to between 1968 and 1970, but kept no accurate records? I sold it in November 2017 for $100,000.

May 2nd, 2023

Are we required to use our son's 1098-T form on our tax return if we claim him as a dependent, and are we required to use the 1098-T information on his tax return if we do not claim him? We filed jointly and had a loss, so we owe zero in taxes federal and state. We did not claim our 20-year-old full-time student son because we thought it might help his tax return if he claimed himself. However, using the 1098-T would not change the amount owed or refunded to us, but it would make our son's tax situation worse and cause him to owe taxes. Is it fine for us to just not use that form this year?

March 16th, 2023