I have a Canadian corporation registered and I am behind in filing my 1040 by over 10 years. I registered my Canadian Corp in 2018 and never filed for 5471. Will I be penalized if I file the last four years of taxes and form 5471 at the same time?

March 20th, 2023

How does the gift tax form work for sharing a portion of inheritance, and do we pay taxes on a shared inheritance if using the gift tax form?

April 23rd, 2024

How do I find my Adjusted Gross Income (AGI) for Lisa Thompson for the 2020 tax year, given that she filed her taxes online but does not have access to her IRS account?

January 3rd, 2024

Trying to file taxes electronically, but the system says I put the wrong AGI. I checked and it matches what I have on my computer. I don't want to mail the return. What can I do?

May 31st, 2024

If an individual has a modest capital gain, but their income or tax liability still falls below the threshold that requires them to file taxes, are they still required to file because of the fact that they did have capital gains?

February 15th, 2024