asked
Is the profit from the sale of an inherited home, after all fees and mortgages, taxable if the home was sold at its fair market value at the time of the parents' death? Specifically, if the home was valued at $116K and sold for $118K, leaving a net profit of $58K, and the state does not have an inheritance tax (e.g., Michigan).
January 28th, 2024
Is there a financial cutoff where a married couple no longer has to file income taxes? We are both over 65, have a joint income of about $55,000, and receive Social Security and pension payments.
April 4th, 2023
My mother passed away in 2022 and I was the beneficiary on her estate, receiving $30,000. I paid both Federal and MN state taxes on it when I received it. Do I have to report this on my taxes?
January 13th, 2023
What do I need to amend a tax return, and do I need my spouse's W2?
February 16th, 2023
I run a nonprofit healthcare organization as a 501c3 entity. I don't take a wage, but I pay an employee's wages by transferring money from my personal account to the business account. Are these contributions tax deductible for me as a charitable donation?
May 14th, 2023
How can I get my ID PIN so I can file my taxes? I haven't received my tax returns in 5 years and I don't owe anything. I don't know my ID PIN and haven't been able to access my account online.
January 7th, 2023