My husband's mother recently passed away, and he and his brother inherited her house, which they are selling for $360,000. My husband is the executor of the will. What taxes can we expect, and how should this be handled?

May 19th, 2023

I am about to buy a house and have the 20% down payment. My mother would like to offer me a private loan for some of the purchase amount, effectively reducing my primary mortgage, though my total debt stays the same. I would pay her interest on the loan, which she would use as retirement income. Can I deduct the interest I pay to her for the primary mortgage as I deduct the interest from a conventional mortgage product?

December 5th, 2024

I owe approximately $10,000 in back taxes from 1994. The debt is more than 15 years old. Is there a statute of limitations on such debt?

July 19th, 2023

Where is my tax return, Justin Soukup XXX-XX-XXXX Springfield, S.Dak. 57062?

February 15th, 2024

My wife and I are paying nearly $1,100.00 monthly for medical insurance (COBRA) to get coverage for in vitro fertilization. How much can we claim on our medical expenses?

October 27th, 2024