Mark W. asked
I owe taxes for 2014 and 2015. I see ads for tax negotiating companies on TV. Are these companies legitimate? Does the IRS negotiate taxes down? If so, can I do this on my own or do I need a tax attorney or one of these tax negotiating companies?
July 11th, 2024
Kelly M. answered
Be cautious with tax negotiating companies, as the IRS has issued warnings about their practices. Th...
July 11th, 2024
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My wife and I own a townhouse that we rent to my in-laws. We are going to create a life estate to give them the right to stay in that home for life. They are going to pay $100,000 for the life estate. Does that constitute income to us? When they die the townhouse reverts back to us. If we sell it then do we have to add the $100,000 as capital gains?
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We didn't claim our daughter on our taxes for 2014 or 2015 and want to amend our return for those years. We never had a Social security number for her, but are finally getting one now. Are we still allowed to file and claim her for the tax break? We are in WA and she was born in Oct of 2014.
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I moved from California to Houston, Texas, and rented out my house in California. Do I have to pay California income tax on that rental income, and if so, do I have to report it on my total income?
April 15th, 2024
What would be the monthly tax deduction on an annual income of $34,215.94? I am age 70, single, no dependents, and have 1 exemption on my W-2.
October 22nd, 2023
I was the beneficiary for my deceased father's IRA ($21,233), checking account ($1700), and an annuity ($4000) in 2016. What will be my tax obligations on these distributions if I am going to split them equally with my two siblings?
September 11th, 2023
