I have a second home where my daughter has lived as a primary residence for 10 years, but she is not on the title. If I quitclaim her the property, are there capital gains or other tax implications? Additionally, what are the details of the lifetime gift exclusion and how does it apply to this situation?

November 25th, 2023

In a situation where a house was left to me and my siblings in my father's trust, and one of my siblings is the trustee, can they legally sell the house to whomever they choose for any price, even if I offer more than the highest bidder and own a quarter of the property?

April 6th, 2023

September 15th, 2024

I received a Tax notice from the IRS stating a correction to my 2021 taxes on Form 1040. The notice does not state the correct adjusted gross income, taxable income, and all the numbers are not mine as stated on my W-2. I have tried contacting the IRS but there is no representative to speak with. What should I do?

September 4th, 2023

I received a notice from the IRS regarding my 2021 tax return, stating that I cannot claim my adult son who is impaired and on Social Security Disability. They changed the amount claimed as Recovery Rebate Credit. I have a guardianship document for my son and am unsure if I should still pay the amount they are asking or just send them the document. What should I do?

January 4th, 2023