I filed form 8195-E in 2020 for a coronavirus-related IRA distribution and form 8195-F in 2021 for repaying the entire distribution. I paid the full income tax for the distribution in 2020. How do I get a refund for the extra tax paid in 2020, especially since my 1040-X amendment for 2020 did not result in a refund?

December 27th, 2023

When a like-kind exchange exists between a father and a son, and the son will be paying his Father $160,000 for a farm, is there any portion of the $160,000 non-taxable to the Father?

November 26th, 2024

I need to amend my 2021 tax return because I marked single instead of married filing separate. I used OLT, an online tax service, but did not pay for premium service so I cannot call them for assistance. What are the steps to amend my return and how can I track its progress?

May 16th, 2024

I am wondering if my 2021 taxes were processed correctly. The taxes are for Paul and Tanya Asuncion with the Social Security Numbers ###-##-#### and ###-##-####.

May 25th, 2024

I am selling my house after a divorce. The house was bought for 220k in 1998, had a fire in 2006 and was rebuilt and expanded. It is now selling for 975k, with a mortgage balance of 320k + 48k in forbearance. I am splitting the proceeds with my ex-spouse, who gets the first 100k and we split the balance 50/50. I used 22 weeks of severance pay for improvements. The house was my primary residence until 2016 when I was evicted. What do I put on my 593 form to calculate my capital gains correctly?

April 11th, 2023