If I have already given my daughter a $1 million gift as part of my one-time gift exclusion and I give her another $500,000, what would be my tax liability, and can my wife and I each give $1 million for the one-time exemption?

December 11th, 2023

I am in the 5-10% federal tax bracket and received $100,000 in qualified dividends from an American Corporation. I was told I wouldn't owe any tax on the dividends due to my low tax bracket, but my tax program shows I owe federal tax at a reduced rate. How much federal tax do I owe on the qualified dividends for 2009, and what is the calculation process?

April 1st, 2023

I need to make monthly payments for an amount owed of $10,282 but can't find the form to fill out for a direct debit installment agreement. Can you help?

January 1st, 2023

I'm an independent contractor taxi driver and I haven't filed taxes in a few years. I have almost no documentation for past income/expense. I would like to clear this up. What should I do?

May 20th, 2024

On my transcript, I have a code 810. What does this code mean, and where is the account balance showing 6,455? I also have other codes: 766, 766, 424, 768, 810, 971.

September 11th, 2023