Is there any change on the Form 4562 Declaration and Amortization for 2022, and are the methods and rates for calculating depreciation, amortization, and vehicle use the same as in 2021?

April 30th, 2024

If I sold my house in New Jersey for $900,000, do I have to buy a house within a year or two at a comparable price to avoid capital gains tax, or can I pocket the $900,000 and live in an apartment? I've been in the house for 20 years.

December 8th, 2023

I separated with my girlfriend on 8/31/22. She and my son lived with me until then, and I was the only one working in 2022. I attempted to claim Head of Household (HOH) and my son as a dependent, but the IRS rejected my e-return because she filed HOH and claimed my son as a dependent. Is there anything I can do?

December 24th, 2023

I need a copy of my annual update. It's the form you send at the beginning of each year to explain your new updates. How can I retrieve this form?

May 9th, 2024

My wife and I are planning to start an LLC to buy Airbnb investment properties, including building a tiny home on our property for my mother-in-law. We want to know if the costs of building the home or the mortgage on that property are deductible, and how we can lower our tax liability through deductions in our LLC.

May 17th, 2023