We are relocating for my husband's work through a relocation company. We have owned and lived in our house for 2 years, and the relocation company is buying us out of the house before the official close date. Will we need to pay capital gains, and how does the relocation buyout date affect our capital gains calculation?

June 10th, 2024

The IRS adjusted my tax return and sent me a notice that the adjusted amount was $2336.00. It has been more than 60 days since I received the notice and I haven’t received my return. Why?

December 26th, 2023

I received a letter from the IRS asking for a copy of the W-2 and W-3 forms for 2019, or I will face a fine of around $4000. I have contacted my previous accountant but cannot get the information. What can I do?

March 27th, 2024

I am planning to rent my condo on Airbnb in 2023 and need to renovate the kitchen first. Do I need to complete the kitchen renovation in the same year as I earn income from the property in order to deduct the renovation expense on my taxes?

August 8th, 2023

If an employee pays for term life insurance through his company and is also a shareholder in an S Corp, is the premium considered post-tax? How does this affect his wages, and is it treated similarly to S-Corp health insurance, where it is only subject to Federal withholding but not Social Security or Medicare?

April 25th, 2024