asked
When a like-kind exchange exists between a father and a son, and the son will be paying his Father $160,000 for a farm, is there any portion of the $160,000 non-taxable to the Father?
November 26th, 2024
I need to amend my 2021 tax return because I marked single instead of married filing separate. I used OLT, an online tax service, but did not pay for premium service so I cannot call them for assistance. What are the steps to amend my return and how can I track its progress?
May 16th, 2024
I am wondering if my 2021 taxes were processed correctly. The taxes are for Paul and Tanya Asuncion with the Social Security Numbers ###-##-#### and ###-##-####.
May 25th, 2024
I am selling my house after a divorce. The house was bought for 220k in 1998, had a fire in 2006 and was rebuilt and expanded. It is now selling for 975k, with a mortgage balance of 320k + 48k in forbearance. I am splitting the proceeds with my ex-spouse, who gets the first 100k and we split the balance 50/50. I used 22 weeks of severance pay for improvements. The house was my primary residence until 2016 when I was evicted. What do I put on my 593 form to calculate my capital gains correctly?
April 11th, 2023
I need to verify my identity per IRS letter 5071c. I tried to call but couldn't connect. Where am I currently located, how old am I, do I have any dependents, what is my typical filing status, and what is my taxable income this year?
May 19th, 2024
I had $50k in short-term losses in the stock market in 2020. I am selling a rental property and would make $50k in long-term capital gain. Can I use my short-term losses to avoid paying capital gains tax when I sell my property?
July 2nd, 2024