In 2004, I received $16000 from a trust set up for me and my brother by my deceased father. Should I have paid taxes on this money, and if so, what penalties might I face?
August 30th, 2023
Is a down payment paid when buying a house deductible on your Income Taxes in Texas?
September 5th, 2023
If I won 171 million dollars in the lottery, how much would I have once the federal government took out taxes?
December 26th, 2023
I live in Georgia and own a second home in Texas, which I rent to my in-laws at a rate below fair market value. My in-laws pay the mortgage, and I do not make any extra money from the rental. Can I legally write off the interest and taxes paid on this property?
October 26th, 2024
I am a single woman who bought her home for $225k eight years ago and is selling it for $530k next month. I still owe $120k on the house. Am I over the $250k limit to avoid capital gains? What about the 6% realtor commissions?
July 5th, 2024
I have not heard anything about my state refund and would like some answers to what is going on.
August 6th, 2023