asked
I sold my foreign land in 2008 and received 2.4 million dollars, but the broker owed me an additional 600K. I sued the broker and won partially in 2011. I am now filing amended tax returns for 2008, 2009, 2010, and 2011. Do I have to pay penalties for accuracy related, late payment for federal, and penalties for extension, late payment for the state? Is there a way to excuse the OVDI penalty?
April 26th, 2023
Is there a cost basis for shares received in a stock split, and how should it be adjusted if the broker statement shows N/A for the cost basis of the shares received in the split?
July 28th, 2024
My husband just learned he has a tax lien for California State taxes dating back to 1992. He has never received a notice of this and it was discovered as we are getting ready to buy a house. Is there a statute in CA for collection of state taxes? If not, how do we contest this figure?
November 23rd, 2023
I received a Lump Sum Distribution from my employer in Dec. 2016 as a Severance Package for my position being eliminated. I am considering Income Averaging (over 3 yrs). I see forms for Farmers and Fishermen. What form should I use to do the math and determine if Income Averaging would be beneficial for me?
September 3rd, 2023
I have been separated since 10/16 and am just now starting divorce proceedings. I was trying to file as married, filing separately, online and at the end my spouses info, which I don't have, was requested. Am I required to provide her info as well? My lawyer asked me to find out if it would be more advantageous to file separately or in a joint filing.
November 4th, 2024
Will starting to collect Social Security benefits in January 2021 increase my income, which will subsequently increase my student loan payments? Or does Social Security not have taxes taken out of it? If taxes are not deducted from the income, is it not considered income and thereby not affect student loan payment currently set?
February 28th, 2023