We are working on resolving an IRS issue concerning a couple of 1099c's for my son. We need to confirm if we should file a 1040X for the relevant tax year and attach a form 982. Additionally, we need to know if we need to enclose any type of letter and how we will know if the IRS accepts the amended return.
May 21st, 2023
I have received a 1099-B form with information about my stock sales. Where in my tax return do I put information about the stock purchases? Do I have to list every stock sale I did or just the consolidated?
December 28th, 2023
How can I obtain a private LLC's tax ID number or EIN to issue a 1099, especially when the manufacturer/supplier is insubordinate and I can't get the W-9? Additionally, as an individual, can I send the 1099 Misc for all monies paid last year, pay the $110 fine, send the W-9 and the 1099 with the backup withholding notice, and not have to change my individual return from last year?
November 24th, 2024
My brother sold me a house for a nominal $10 7 years ago. He purchased it for $103K 2 years before. I took out a HELOC which is at $75K and have the house up for sale at $125,000 with an expected sale soon. What is going to be my capital gains tax liability, and how do I prepay the anticipated tax liability to the IRS?
January 5th, 2024
I have congestive heart disease and was put on short-term disability on 7/14/2020. I have filed for SS Retirement and was approved to start in November 2020. Should I have filed for SS Disability instead?
September 18th, 2023
I am a war veteran who submitted my stimulus check information over four months ago, including my direct deposit bank routing and account information, but I have not received any stimulus checks yet. I have tried calling to track my checks but have been unsuccessful. What should I do to resolve this issue?
August 28th, 2023