My dad improperly put me as a dependent on his 2019 taxes. He filed an amended return for 2019, but I haven't filed taxes in decades due to low income. I am on SSI and SS, and I didn't receive the $1200 stimulus from April 2020. How do I file to get the stimulus payment, and do I need to include my dad's amended tax form information?

November 12th, 2023

Do I pay capital gains tax on a second home even if I do not reside there all year round? Also, on an investment property, can I use the capital gain amount toward renovation on a new property that will be my primary residence and will that allow me to not pay capital gains tax? How can I defer capital gains tax if possible on selling a property in Florida?

March 6th, 2023

Which of the following are factors that will determine the deductibility of health insurance premiums for businesses? Select one: a. An individual can only claim the health insurance premiums write-off for months when neither them nor their spouse was eligible to participate in an employer-subsidized health plan. b. The deduction must exceed the earned income collected from the taxpayer's business. c. Eligibility to take the deduction is determined on an annual basis. d. Only A and B above are correct factors.

March 2nd, 2023

I have owned my home for 18 years and plan to sell it in 2 years, expecting a profit of about $125,000. Do I have to pay taxes on this profit, especially since I plan to downsize to a home of lesser value?

April 27th, 2024

My company is an S-Corp in NY state and hired a contractor in Hong Kong who is a non-US citizen. I made a remittance to his personal bank account in HK. Do I have to withhold tax using a form such as 1042, and can I file the amount I wired as a business expense?

December 31st, 2023