I am a 75-year-old woman who wants to gift $100,000 to my son. The money is currently in an American Funds account, and they said they would withhold 20% for taxes. I have been reading IRS Form 709 and it says that I should not have to pay these taxes as it would go toward my lifetime exclusion. Will my son have to pay taxes on this gift if I file Form 709? Additionally, I own Apple stock with a significant gain. What is my best option for selling it, considering the capital gains tax implications?

May 6th, 2023

I received a CP21B tax notice for the year 2019 and have a refund coming from a change in form 1040SR. I am 68 years old, and my wife is also a dependent. I don't remember my typical filing status or what I made this year. Where is my $615.70 refund?

December 6th, 2023

Can I get a federal ID for an LLC owned by a foreigner if I check box 9a - Corporation - 1120, given that I have received a rejection because they are looking for a social security number which we do not have? What do you suggest?

March 6th, 2023

I have been receiving Medicare benefits for a few years and now have a new job that offers medical insurance. Can I have both? Is there any penalty if I have both? What's my best option?

April 3rd, 2024

How can I access my late husband’s 2016 tax records, and why might TurboTax not have the record?

May 3rd, 2023