We are a small subcontracting company with employees who travel to various job sites within and outside the metropolitan area. Our employees rarely visit our warehouse in the metropolitan area since they are on job sites that last a week to a few months. Can mileage be deducted for their commute to these job sites since they change multiple times throughout the year?

September 14th, 2023

In April 2018, I had a stroke and had to quit work. I moved to my sister's house and let my stepson move into my house with the understanding that he would eventually buy the place for $1.00 over the mortgage I owe. The house payment covers taxes and insurance, and until he purchases the house, the mortgage interest is my deduction. How do I handle this situation for tax purposes, given that there is no exchange of money between us?

November 2nd, 2023

I am completing an estate tax return for 2018 showing a sale of property. My question is about the beneficiaries. Does their portion of the distribution need to be shown through a K-1 form or some other means since it is an inheritance? Additionally, if the value and proceeds of the house sale are equal, would Schedule D be zero? If there were improvement expenses, could we show Schedule D as a loss, and would that pass through to the K-1s as a negative, thereby decreasing their personal taxable income?

December 19th, 2024

Where can I find Table 3?

January 19th, 2023

I got married in Feb. 2010. My husband is not employed and has not filed taxes in years due to feeling the back taxes were incorrect. I want to file my taxes this year but am unsure whether to file married filing separately, leaving his name off, or jointly so I can claim him as a dependent. Should I file separately or jointly, and will filing jointly raise a red flag with the IRS regarding his past tax issues?

July 19th, 2024