asked
I separated from my husband in March 2016 but did not divorce him due to my religious beliefs. We filed our taxes separately for 2016, and I filed as single. Did I do something illegal, and could this affect my financial aid?
February 2nd, 2023
I am semi-retired, sold a rental property I had for 3 years, and have a capital gain of about $60K. I am single, no dependents, and will have about $30K in 1099 income this year. Will I owe 15% tax liability on this gain, or because I have only $30K in contract income, will I have no tax liability on the proceeds? I live in Texas. Is there anything else important the accountant should know?
December 7th, 2024
I am a senior citizen in California who has received a new franchise tax board bill of $8,000 as a result of settling an Offer & Compromise with the IRS for the 2013 tax year. How do I protest this bill, and what are my options for dealing with the collection procedures?
October 22nd, 2024
My deceased sister, a California resident, through her Living Trust provided that I receive $47,000.00 from her net estate of $490,000.00. Will I owe a tax on the $47K?
November 13th, 2023
In 2017, a CA probate both spent $100k on expenses and withdrew $120k from the descendant's 401(k). The probate will close in 2018. Do we have to file a Form 1041 for the Decedent's Estate in 2017 or do we wait until probate closes in 2018?
October 10th, 2024
As a full-time employee with non-itemized taxes, my tax expert uses the Social Security allowance. I am wondering if retiring at the end of the year or continuing to work into 2018 and retiring with a couple of months left will affect my Social Security tax. Additionally, we sold our house this year and moved into a cheaper house.
October 9th, 2024