Is it common for the IRS to misplace or lose documents that have been filed with them?

June 18th, 2024

Do I have to pay capital gains tax on my multi-family home when I sell it?

June 1st, 2023

If someone born in the USA but moved as a child to another country and only recently found out they had to file taxes in the USA even though they never worked there, would there be a significant penalty?

January 16th, 2024

I own several rental properties and am struggling to keep up with mortgage payments, taxes, and insurance. If I default, the bank will foreclose, and the IRS treats foreclosure as a disposition of property, potentially subjecting me to income tax liability. Other than making an offer in compromise, is there any process by which the IRS will consider excusing a tax liability that a foreclosure sale might generate, especially if I will likely be insolvent?

June 26th, 2024

I bought a house, and my ex-girlfriend was put on the deed of trust. When I sold the house, $76,000 was paid to liens she had on her alone, including $60,000 to the IRS for her past tax years. Can I deduct some of this money as a loss since none of the debt was mine?

April 29th, 2023