asked
I received a letter from the IRS (Notice CP2501) stating there are over $100,000 in unreported income under my Social Security number, which was used by my illegal uncle for business purchases. What potential consequences could this situation lead to for both me and my uncle?
June 9th, 2024
My mother is 92 years old and I just cashed in a $60,000 annuity. How much will she have to pay in taxes? This is all going to be used to pay for her assisted living, and her only other income is her Social Security.
May 23rd, 2023
As a Social Security recipient, can I deduct the amount on my property tax bill designated as "school related" taxes from my property tax payment or from income taxes?
September 4th, 2023
If a person is claimed as a dependent by their parents and files their own tax return, can they use the $3,650 personal exemption, and how is their taxable income calculated if they have both earned and unearned income?
August 6th, 2024
We did not take business expense deductions last year (2007). Can we amend or re-file last year's federal tax information?
December 16th, 2023
I lost my copy of my 2000 W-2. Where can I get a copy of it?
May 9th, 2023