I need a copy of my 2022 W-2. What are the steps to obtain it, and can you provide a phone number for someone who can mail out a copy?

March 17th, 2024

How do I pay the penalty for not taking an RMD from my IRA? I am 73 years old, located in Quincy, Illinois, with no dependents. I took an RMD for 2022 but forgot to take it for 2023, with the RMD amount being $337.39. I estimate the penalty to be 25% of that amount. My total income, including Social Security and retirement, was $109,000, and I filed jointly with my wife, who is also 72 and working part-time. Taxes were already filed, and I simply forgot to take the RMD for 2023.

March 20th, 2023

I need copies of my 2022 federal and state tax returns. I believe I need forms 1014 for both federal and state. How can I retrieve these forms?

July 30th, 2024

My dad died in April 2023. My siblings and I sold the home in October 2023 and each made approximately $60,000. I received a 1099-S from the law firm for the sale of the property. I thought we did not have to pay taxes on it, but when I do my taxes online, I have to report it and it looks like I will have to owe federal and state taxes which amount to about $6,000. Does this sound right?

December 14th, 2024

I am a private company employee with 40k qualified stock options granted at $5, exercisable at 10k after a year, requiring $50k out of pocket. With the company valuation at $15 per share, I would need to pay tax on $(15-5)*10000=$100,000 at the LTCG rate. If shares are trading at $20 on a private market platform like Hive, do I use that price or the company valuation price for tax purposes? Is this tax loss recoverable against future AMT? How can I mitigate this tax hit, and if I hold the shares for a year, can I sell them at regular LTCG?

November 3rd, 2024