My sister passed away in February 2012. She had funds in a retirement account where the beneficiary was her estate. I received a Schedule K-1 for my 50% share of those funds. Do I need to pay taxes on this since it was an inheritance and I was not a direct beneficiary of the retirement accounts but her estate was?

April 3rd, 2023

I can't find my tax information from 2003. I thought maybe it would be easy to get it off the internet.

January 18th, 2023

Is it essential to declare entire global property in income tax declaration or only that which gives returns by a green card holder?

July 21st, 2023

I gave a friend a $15,000 loan with no interest and am considering giving another friend a $10,000 loan with 3% interest. What are the tax liabilities if I loan a total of $25,000 this year?

September 12th, 2023

We got married and sold one house, refinanced another, and purchased a new home. We took a loss on the sold house and cashed in some taxable annuities/IRAs to purchase the new home and pay off the old house. What is tax deductible, and how is the income from the IRAs taxed?

November 12th, 2023