I have two Social Security numbers and suspect that someone else is using one of them to draw a pension. How can I prove that it was not me taking both pensions and what steps should I take to resolve this issue?
April 21st, 2024
I had a $12,000 trailer stolen, with insurance covering only $3,000 due to special limits in OK and TX. I need to replace the trailer at a cost of $9,000. How should I handle this for tax purposes, and should I replace the trailer now or later?
February 10th, 2023
How much of a bathroom remodel costing $20,000 to provide access for a permanently disabled family member can be deducted? The bathroom includes a roll-in shower, an elevated walk-in bathtub, a raised toilet with safety bars, and possibly other non-medical related improvements like new tile or paint.
June 5th, 2024
How should the value of a life estate in two properties valued at $2,000,000, received by a wife in January 2011 when she was 64 years old, be calculated using IRC section 7520?
July 24th, 2023
I own a house in Cupertino, CA 94015 and have lived in it with my kids since 1997. Last month, I added my 21-year-old daughter's name to the title. I have $600,000 in equity in the property. When I sell the property, what are my tax obligations?
September 19th, 2024
I am filling out my first TPT-1 form and am not sure what (A) business description is, (B) Region Code, and (C) Business Class is. I don't see any charts which give possible categories for these items. I am a newly formed interior design firm which possibly resales furniture, and I do business in Phoenix - company is an LLC.
July 16th, 2024