asked
We live in Texas and my husband was deeded a 1/5 undivided interest in a ranch with a value of $1,500,000. The children were unaware of the gift until he died in 2009. The property is being sold now with a value of $2,600,000. What could the tax consequences be for this gift with each child receiving $500,000 from the sale?
October 10th, 2024
I live in California and separated from my ex-wife on 5/22/20. Do I need to complete form 8958, even though in California the community property ends at the date of separation?
February 6th, 2023
I have started a new job about a month or two ago, initially as an independent contractor earning around 27.6K to 36K a year, but now offered a salary-based position starting at 38K a year with health insurance and 10 PTO days. I am 24, have no dependents, and made about 16K this year. I live in New Jersey but recently moved from New York. I want to weigh the options between being an independent contractor and an employee, considering taxes, expenses, and benefits.
October 12th, 2024
I had a federal return that I e-filed and it was rejected. I changed the filing method to mailing in TurboTax. Now, I need to e-file my 5th return, but TurboTax is not allowing me to do it because of the rejected return. How can I reset my account or get a fresh file to proceed with e-filing?
April 1st, 2023
How can I confirm if we received the 3rd stimulus check? I have the 6475 letter stating it was issued, but I don't have the actual letter confirming it was sent, nor do I see it in our bank account. I can't find anything definitive on irs.gov.
October 22nd, 2023
A client residing in the USA received a large retirement distribution from Japan, from which Federal and municipal taxes were withheld. Besides reporting this distribution on Form 1116, do I need to show this income on any other form?
December 22nd, 2023