I'm moving to Nevada from California and just purchased a house in Nevada as my permanent residence. How long do I need to wait to stop paying California state income tax, and what qualifies as intent to be considered a Nevada resident?

May 17th, 2024

Hello, I need to change my bank account information for my Social Security direct deposit for myself and my husband. We have both just moved from California to Arkansas. Can you help me please?

March 9th, 2024

I’ve been audited for 2017 and received an NOD from the IRS. I filed a petition to Tax Court and received a letter from an Appeals Officer stating, “I have enclosed a settlement proposal showing no deficiency and no penalty.” What does this mean, and do I still owe money?

December 19th, 2023

I am looking to understand if I am eligible for (all or part of) the $500K tax exemption on gains from a home sale. We are selling our house, which we bought on 6/30/20 for $888,000, and expect to sell it for $1,500,000. We spent $75K on home improvements. We are aware of the tax implications and ideally want to close on our sale after 6/30/22. However, we want to understand the tax penalty if we close before 6/30/22. Additionally, does it matter how much of our proceeds we roll directly into our next purchase, and if my wife getting a job in a far-away city would qualify as an unforeseen circumstance to allow pro-rating of the tax?

February 2nd, 2024

Can one take the Net Unrealized Appreciation (NUA) tax strategy for highly appreciated company stocks from a 401(k) plan even if previous withdrawals were made prior to taking NUA? I am aged 72 and have retired from the company. My investment in company stock within the 401(k) plan has highly appreciated.

February 13th, 2024