asked
Last year, I sold a house that I inherited from my Mom when she passed away 5 years ago. It has remained empty since her passing. Do I list the sale as income since it is part of my inheritance? If so, where do I list it? Am I required to pay taxes on this sale? I am retired (71) on a fixed income and made less than $50k last year.
March 11th, 2024
I need to create an account. I am located in Weedsport, New York, aged 80 with a spouse aged 81. My typical filing status is married filing joint. Is there anything else the Accountant should know before I connect?
November 30th, 2024
Can a stimulus payment for my grandson, who has no checking account, be deposited into my checking account if he files a recovery rebate form?
January 4th, 2023
I am the executor of my parents' estate and sold their house in 2020 for $165K. My mother died in November 2018. Does the estate owe income tax on that sale?
July 18th, 2024
My ending tax return in 2018 schedule L is $34,000 different than my opening for 2019 schedule L. Will this trigger an IRS audit?
January 9th, 2024
I make music as a hobby and earn over $400 through online distribution. I am 19 years old, living with my parents, and have no other income. Do I need to file taxes for my hobby income, and if so, how should I report it?
July 29th, 2024