asked
I invested $200,000 in a company that was later sold to private equity. I received a 1099-NEC for $348,000 after leaving the company. How do I reduce this income by my original $200,000 investment for tax purposes?
August 1st, 2023
Do I need to file a tax return if my only income is SSDI?
October 25th, 2023
I have not received my $1400.00 stimulus check yet. How can I track it and what steps should I take if it is lost or delayed?
February 16th, 2024
I recently filed electronically and subsequently discovered a significant item which would increase my tax liability. Since I filed an electronic return, how can I amend and include this item?
March 23rd, 2023
Will my sister, as the representative with the EIN for my father who was the sole beneficiary of my mother's $16,000 life insurance policy, have to pay taxes on the combined funds (around $26,000, including $5,000 from my parents' tax refund and $5,000 in my father's checking account) in 2021?
September 26th, 2024
I am planning to buy a house in Dallas, TX with my siblings. My brother in South Korea wants to gift me $50,000 for the down payment. How can he send this money without raising suspicion or causing tax issues with the IRS?
March 18th, 2023