When I sell my rental property and purchase a second home, does the section 1013 rule apply, or will I have to pay capital gains tax?

June 3rd, 2024

I took early retirement at age 62 and will be 66 this year. How much can I earn if I start working in June without facing a penalty, and when can I earn unlimited funds without a penalty?

December 4th, 2024

How do I change my tax withheld, and what steps should I take to do so?

December 17th, 2023

If I incorporate my business and have no profit during the year, do I need to pay any fees or taxes?

November 26th, 2023

A client has six years of unfiled taxes. He is divorced with joint custody of his kids, and he and his ex had a verbal agreement for tax deductions. When he filed back taxes, he discovered his ex-wife had already claimed the deductions for earlier years. His ex-wife has a higher Adjusted Gross Income (AGI). Does the ex-wife automatically win both kids' deductions due to the tie-breaker rule based on higher income, even though this was not stipulated in the court decree and no forms were signed?

May 6th, 2024