I made $26,907.18 and paid $1,737.18 in federal taxes. Why do I owe an additional $1,400.00 in federal taxes? I am 68 years old, married filing separately, and have no dependents. I also receive social security retirement income. My employer seems to be taking only 6% in federal taxes, while my tax preparer suggests they should be taking 12%. How can I ensure my employer is taking enough federal taxes, and how do I avoid owing additional federal taxes in the future?

May 13th, 2024

Trying to get my IP PIN. I am located in Calumet City, Illinois, 57 years old with no dependents, and made approximately $37,000 this year. What is the process to retrieve my IP PIN?

February 18th, 2023

Do I have to report rental income from my daughter, and can I claim expenses incurred from this property even if I visit once a year?

September 19th, 2023

I purchased a home in 2020 using funds from a prior sale and made my son a 40% owner. He lived there for 2 years and we sold the property with a $50,000 gain. He is eligible for the capital gains exemption because he lived there. Since I provided all the funds for the purchase, can I deduct the entire purchase price from the net proceeds I received, or does he take 40% and I take 60%?

November 18th, 2023

My kids' dad claimed both children on his taxes without notifying me or anyone. We are going through a custody battle. The kids live with me, and I currently have full custody. What can be done about this?

October 6th, 2023