When entering information from an S Corp K-1, there is nowhere to enter QPAI (Qualified Production Activities Income) on the 8903 worksheet unless it is oil related. Where do I enter it?

June 2nd, 2024

Are there any rules about where your second home can be located? We share a second home with our brothers but it's located in the same zip code as our primary residence. The second home however is closer to the beach. Will this be a problem for the IRS?

March 24th, 2023

I had to pay taxes to a town because I worked there; I can claim this money because I do not live in this town. How?

April 1st, 2024

I received a 1099-A for a rental home that I abandoned. The principal balance is lower than the fair market value. I did not receive any proceeds from a foreclosure or sale of the property, and I was never able to lease the property, although I made mortgage payments for about 6 months. How do I calculate my adjusted cost basis of the property and do I owe tax on the difference?

November 20th, 2024

I need a copy of my W-2 forms from my old employer, Arby's. How can I obtain them?

February 1st, 2024