asked
I received proceeds for a personal injury claim. I used the services of an attorney. Of the $48,000 received, the attorney received $12,000+, medical bills paid were $10,000+, and I received $25,000. Is any of this reportable?
December 31st, 2023
I want to file my taxes for the year 2016. I was on an OPT-F1 visa until September 30th and on an H1b visa from October 1st, 2016. What is the best approach to file my taxes for 2016?
November 27th, 2023
My mother passed away in November while trying to do her taxes. I have come across a stock that was inherited many years ago, and there is no cost basis. How do I find this or what do I do in this situation?
July 29th, 2024
I need advice on filing taxes for my very small business. I was told we could file along with our personal taxes, but my husband already filed our taxes and I'm not sure what to do now.
July 14th, 2023
Can you file an amended return to switch from Married Filing Joint (MFJ) to Head of Household (HOH) if you were actually separated for most of the year and have a dependent?
July 7th, 2024
I am a shareholder in an S corporation campground that is being sold, and I will receive approximately $45,000 for my share. I do not want to pay income taxes on this amount in the same year. How can I shelter the income and spread out the taxes? Does income averaging still exist, and can I open an IRA to lower the tax burden?
February 5th, 2024