If a 55-year-old handicapped son, who has lived with his mother his entire life and has been claimed as a dependent on her tax returns, did not receive stimulus checks because he was over 17 years of age, could he have received the stimulus payments if he had filed a tax return in 2019 and his mother had not included him as a dependent? If so, can an amended return be filed for 2019 for the mother not including him as a dependent, and a 'late' 2019 return be filed for the son? Additionally, on the son's 2020 tax return, can he claim the stimulus payments he should have received?

June 15th, 2023

How do I best sell stocks at a loss to reduce my taxable income?

March 6th, 2024

I need help with a few errors I'm running into on Form 1120, specifically with Schedule L. I would prefer to speak to someone via phone for assistance, not through chat. When will I be able to speak to someone?

May 27th, 2024

I got divorced last year and have had sole occupancy of the home and paid the mortgage. The house is in both our names. Do I get to claim all the mortgage interest on my taxes or do we have to split it? I will be filing single with no dependents.

December 12th, 2023

My wife and I made a cash gift of $152,000 to our son on 04/17/2020. We transferred this amount from our joint bank account. We file joint taxes every year. How do I report this gift? What forms do we need to file?

May 17th, 2023