I haven't filed my taxes yet. I sold my house on June 14th, 2021, and I don't know what form to use or anything about 'gains'. What does that even mean? The initial value of the house was $140,000, and after costs, I got $119,000, which included back taxes. I lived in that house for 40 years. What form should I use to file?

April 4th, 2023

How much do I owe the IRS? We received a CP2000 notice stating we owe $2803.00 for 2020, but also received a letter saying they owe us $4490.00. We are unsure what to pay.

March 24th, 2023

I filed an amended tax return on 6/20/2021 and received an incorrect response on 11/26/21. I responded with a letter on 12/1/21 but have not received a follow-up. How can I track the status of my amended return and what steps can I take to expedite the process or speak to a live person at the IRS?

March 21st, 2024

If I use salary sacrifice to pay for a lease car through my work, am I still taxed on it as a company car as a benefit in kind, or is what I pay reduced from the value of the vehicle?

July 11th, 2023

I am concerned about my tax bracket and using large draws from my 401k to purchase a home. I also have capital gains from my home sale and will sell some land, which will involve a small gain. I am thinking of financing the home and then drawing over the next three years to keep me out of the 32% bracket. What are the tax implications and is this a wise financial decision?

November 14th, 2024