I’m trying to find the fair market value of my mother's house at the time of her death in November 2021 for the purpose of capital gains tax. We sold it recently and didn’t get it appraised at the time of her death. How can I determine the fair market value for tax purposes?

June 30th, 2024

How much income tax would one pay on a $400,000 cash inheritance in the US, given that the recipient is a 67-year-old retired individual with no dependents and a monthly income of $2,800 from Social Security and government pension?

March 13th, 2023

As a freelancer, can I give myself a salary while withholding taxes from my paycheck? I receive direct bank deposits from my client and know I'll get 76K each year. Can I count part of that as a salary to ultimately deduct from my income as an expense to lower my self-employment tax?

February 26th, 2024

I am still waiting for a refund that was sent in February for the 2021 tax year. Every time I check the status, it says 'we have received your tax return and it is being processed.' What should I do to track the status of my refund and what are the possible reasons for delays?

August 10th, 2024

How do I change my bank card number for direct payment with the IRS, given that my old card was shredded and I have a new one?

January 19th, 2023