My wife and I bought our house 7 years ago for $1,300,000 and recently sold it for $2,200,000. We are purchasing a new home outright for $1,500,000. Will we have to pay any taxes on this gain, and what options do we have to minimize or avoid these taxes?

May 22nd, 2023

I filled my tax return on 2/20/22 and have not received my refund yet. Can you tell me what the problem is so this can be fixed as soon as possible?

April 10th, 2024

What does the IRS tax actuary go by when determining the value of property for tax purposes? Is it the property's assessed value as listed by the county or the actual sale price of the property? Additionally, how do I calculate capital gain if my sister is buying my share of the property for $300,000, and I never used it as my primary residence for over 15 years?

August 22nd, 2023

I need assistance checking the status of my tax refund. Can you guide me through the process?

December 25th, 2023

I have a payment plan arrangement and am trying to make a payment, but I'm encountering issues with the online payment portal. The due date is today, and I need to pay under the name Robert and Sharon Mclarty. What should I do to successfully make the payment?

October 24th, 2023