asked
My father passed away in 2020 and left stocks in the Southern Company to my mother. My mother passed away in January 2023, and as the executor of her Will, I'm trying to divide the cashed-out stocks with my five sisters. The total was around $160,000, and the paperwork showed that the company took $45,000 out for federal taxes and sent the leftover balance. I have set up an estate account for my mother to put the money in. Why did they take so much for federal taxes? When this is divided between the six of us, how will we have to report this next year on our taxes? Will we be taxed on it yet again?
June 3rd, 2024
I had to change bank accounts and have a new account number. I haven't updated this information with the IRS, and I received a notice stating that attempts were made to deposit my monthly payments into a closed account for the last two months. I need to report my new bank account number to the IRS. How can I do this and what should I expect in terms of processing time?
November 6th, 2024
What is my AGI, and how can I obtain it if I don't have it?
July 9th, 2024
Is there any change on the Form 4562 Declaration and Amortization for 2022, and are the methods and rates for calculating depreciation, amortization, and vehicle use the same as in 2021?
April 30th, 2024
If I sold my house in New Jersey for $900,000, do I have to buy a house within a year or two at a comparable price to avoid capital gains tax, or can I pocket the $900,000 and live in an apartment? I've been in the house for 20 years.
December 8th, 2023
I separated with my girlfriend on 8/31/22. She and my son lived with me until then, and I was the only one working in 2022. I attempted to claim Head of Household (HOH) and my son as a dependent, but the IRS rejected my e-return because she filed HOH and claimed my son as a dependent. Is there anything I can do?
December 24th, 2023