asked
I haven't received my $850 check yet. I filled out the tax form with an expert. Which check are you inquiring about (e.g., Social Security, stimulus, tax refund)? The $850 everyone got in the state. Where are you currently located? How old are you? Do you have any dependents? What is your typical filing status? Do you know roughly what you made this year? Is there anything else the Accountant should know before I connect you?
November 24th, 2023
I purchased a house in 2006 for $52,500 as a primary residence and began renting it out in 2014, depreciating it annually. I have a cash buyer willing to pay $40,000, and I owe $30,000. Will I have to pay any capital gains taxes? Could I write off the loss of $12,500? I live in Pennsylvania and the house is located in Pennsylvania as well.
March 6th, 2023
I'm selling a piece of vacant land for $160,000 with a cost basis of $27,000. I earn $60,000 per year and file married jointly. I live in Idaho but the land is in California. How much capital gains tax should I expect?
February 10th, 2023
I need to make a payment for notice number 5078432220625. How can I proceed with the payment?
April 10th, 2023
How do I report my share of a Tenancy in Common (TIC) property on my individual tax return, given that I invested 25% in the property, made improvements, and sold it in 2021 without renting it out?
January 15th, 2023
I want to know if I need to change my tax deductions to avoid owing money at the end of the year. I have 3 kids and my wife does not work, so I have them listed on my taxes. I am on track to make over $100K, and I also had a second job from March to June where I made $31K. I am currently claiming 3 allowances. Should I change my allowances to 0 to ensure enough taxes are withheld?
July 25th, 2024