I received two 1099-C forms for $1704 and $2954. I am in a credit relief program and do not typically file taxes because I am disabled and make around $12,000 a year. What should I do about these forms?

May 7th, 2023

I paid someone to calculate my taxes and they told me we have a refund but also need to pay more than $2,000. Can you review the form and clarify if we owe anything or if we are due a refund?

November 7th, 2024

I only filed an Indiana state tax return. Will I get the Indiana stimulus payment? I am 68 years old, on social security disability, and made around $14,000 this year. I have no minor dependents.

June 9th, 2024

I have a Roth IRA that I received from my ex-husband in 2003. I haven't contributed to it since, but I would like to take money out without being penalized. I have a tax record from 2001 showing a conversion from an IRA to a Roth, and I know the amount we paid taxes on during that conversion. Can I use this to prove the basis? My ex-husband no longer has his Roth, so I can't get records from the fund manager for him anymore. How do I figure out the basis (vs distributions) from the initial $13,000 conversion and the $9,000 I received in the divorce settlement? Can I take $8,000 out without penalty?

September 25th, 2024

What are the tax consequences if I sell a house I acquired in 2017 for $270,000 and sold in 2022 for $298,000, having lived in it as my primary residence the entire time?

January 28th, 2024