asked
I'm doing my 2018 taxes and I'm unsure how to file 1099-S for a house that was my father's, which I inherited and sold in 2018. The house was built in 2016 for $289,000, sold for $248,000, and had a remaining mortgage of $197,800. I'm confused about how to calculate my tax liability since the house was not my main residence and the sale resulted in a loss.
June 19th, 2023
I bought a house a few months ago to use as a rental, but haven't found a renter yet. What can I write off on that house if I don’t have a renter?
February 13th, 2023
I would like to set up a bookkeeping and tax preparation service out of my home office in Texas. What applications or licenses/permits do I need for business setup? I have county and state filings and just want to make sure I have all covered.
October 26th, 2024
My husband is on disability due to past brain cancer, and we have 3 children aged 5, 6, and 8. In the past, our CPA told us we didn’t need to file taxes because our federal and state returns were $0. This year, I was again told I don’t need to file. However, I used the non-filers tool in 2020 to receive stimulus checks and have been receiving $750 child tax checks since July 15th. I’m unsure if I can use these checks or if I should file in January 2022 to get the remainder of the money. What should I do?
September 28th, 2023
I want to pay $51.62. I am located in New Jersey, 77 years old, with no dependents. This amount is from 2020. Who wants me to pay this amount and why?
October 2nd, 2023
My bank account number changed, and the IRS sent my Social Security refund via direct deposit to a closed account. How can I get my refund mailed to me?
February 22nd, 2023