I sold my home in 2020, which I co-owned with my deceased ex-husband. I received 50 percent of the proceeds and am unsure about how to handle the tax implications. I am 71 years old and have not lived in the house for over 10 years. I did not receive a 1099-S form and the house sold for less than I paid for it. How should I report this sale and who should I contact for guidance?

December 21st, 2024

I inherited a brokerage account from my father last year and sold the stocks after it was transferred to me. Can I claim the sale of those stocks as inheritance, or do I have to pay taxes on it? How can I calculate how much I will have to pay?

September 5th, 2024

I rolled over my 401(a) to a 457 deferred compensation plan. I received a 1099 from the 401(a) company but no tax document from the 457 plan. I'm worried about being taxed on the money I took out of the 401(a) even though I reinvested it into another tax-sheltered plan. How do I determine if it was a qualifying direct or indirect rollover, and how do I ensure I'm not taxed on this transaction?

August 25th, 2023

What is my NAICS code, and how can I find it for my situation in North Carolina, with dependents and an income of less than $5,000?

February 8th, 2023

Can I reduce my labor law suit settlement taxes by issuing a 1099 to my son, who had no income, for work he did for me throughout the year? I received a $380k settlement, $200k for labor laws and $180k for wrongful termination. Are there any tax deductions or losses I can take from this settlement?

January 24th, 2024