We want to sell our home to our children for less than market value, specifically at $275,000 when the market value is between $425,000 and $450,000. We also plan to continue living in the home for a majority of the time. How should we structure this to avoid taxes on us, considering the gift of equity would be about $150,000?

October 16th, 2023

I purchased a house with 5 acres of land for $465,000 a year and a half ago. The property was split into a house with 3 acres (sold for $550,000) and a 2-acre vacant lot. I plan to build a house on the remaining 2 acres. What can I do to minimize my long-term capital gains tax liability from the sale of the house, and is there any capital tax liability on the remaining 2-acre parcel?

July 9th, 2024

I haven't received my tax refund yet. I am located in Grants Pass, Oregon, I am 83 years old, single, with no dependents, and made approximately $45,000 this year. What should I do to track my refund and what other steps can I take if it is still processing?

August 27th, 2024

I'm trying to get my refund from last year but I don't have the necessary documentation. I am located in Austin, Texas, 73 years old, single, and made approximately $66,000. I don't have dependents and need my refund to help pay medical bills. What steps should I take to obtain my refund?

January 11th, 2024

I received a balance due letter from the IRS. When did you receive the notice? Have you received notices like this in the past? Is there anything else the Financial Software Technician should know before I connect you? Rest assured that they'll be able to help you.

April 26th, 2023