I am in a divorce proceeding in Pennsylvania. We own a marital residence and a rental property, both in both of our names. The rental property is two units, and I plan to take ownership of it. I want to sell it and buy a single-family home. How can I avoid or minimize capital gains tax on the rental property, and how do the legal costs of the divorce affect this?

November 19th, 2024

My son's father has lived with me for several years and has given me child support in the form of cash that I never claim on income tax. He is now being audited by the IRS and his attorney has asked for some of my utility bills to show he is contributing to living expenses. Will providing these utility bills increase my chances of being audited by the IRS?

June 4th, 2023

I am starting a small lawnmowing business this year. What types of taxes am I required to withhold from my two employees, and are there any taxes I might be exempt from?

January 4th, 2024

I need to reduce the amount I owe at the end of the year. What is the difference in claiming different amounts on the W-2 during the year?

March 6th, 2024

I accidentally claimed my son on my taxes even though he lived with my ex-husband for the full year. My ex-husband's wife wants to file electronically with my son on their tax return for a quicker refund. Can I electronically file a form to release the exemption so they can file electronically, and if so, would the IRS recalculate their refund to show my son as their dependent?

March 6th, 2023