I bought a home for $70,000 in November 2020 and spent an additional $35,000 on repairs and labor to prepare it for sale. I sold it for $85,000. How do I handle this on my taxes? Can I deduct my remodeling costs and utilities from the sales price to reduce the total gain on the property?

January 24th, 2024

I need to know if my EIN is registered with the SAM site. My company's name is ***** ***** & Associates, and my name is R**********l the 3rd. I've been working in hub zones providing services to the public.

May 15th, 2024

I have not filed tax returns for the years 2009, 2010, and 2011. My ex-wife and I were married during those years, and I was incarcerated from December 6, 2011, until June 22, 2021. A divorce decree was finalized on March 18, 2021. I am not aware of any IRS filings that have been done for those years and have not personally filed or authorized anyone to act on my behalf. How can I review my responsibility regarding these tax issues?

November 13th, 2023

I sold a house 18 years ago through an exchange, rented it for 4 years, lived in it as my primary residence for 5 years, and used it as a weekend home for the remaining years. Now I am selling it in 2021. Is there anything special I need to do with the IRS other than just selling it?

May 31st, 2023

My CPA electronically filed my joint married tax return on July 14, 2020 for a refund of $3207. I am 80 years old with no dependents and am located in Germantown, TN. I have not yet received my refund and have tried to contact the IRS without success. Can you help?

September 9th, 2024