My mother's income is about $20,000 a year from farm rents and interest. She is 93 years old and is selling bare farmland for $900,000 with a base of around $175,000. What is the rate she will pay for capital gains tax to Wisconsin and what if any income tax in addition to the CG Tax will she have to pay? Also, is there any way outside of a land trade to reduce this tax burden?

August 15th, 2024

I urgently need copies of business tax returns (Form 1120) and quarterly financial reports (Form 941) for the years 2003, 2004, 2005, 2006, and 2007. My business was located in TN and then GA, and it was closed in 2007. I have already tried contacting the IRS but have not had any luck.

May 8th, 2024

MN Dept of Revenue sent me a letter demanding $1500.00 in taxes for past cigarette purchases made online several years ago. Many in MN are receiving these letters. How can they target the cigarette tax while we can still buy online purchases for other items that the online stores do not pay the MN tax on those items? Seems they are only going after the smokers.

July 19th, 2023

I recently moved from Iowa to Arizona and am still working remotely for my Iowa employer. Can they have Arizona payroll taxes deducted from my check?

April 21st, 2023

Could a financial planner create a company with his name, such as XXXXX XXXXX, Inc dba The Best Financial Planner, and deposit checks made out to his personal name into that business account, thereby eliminating the need to transfer funds? Is there any legal or IRS issue with this approach?

June 24th, 2023