Yes you can your commercial space as your office address. You should also form an LLC and consider making an S election if your net income is high...

If the employer will not issue a corrected W-2 then you can report the income but take a charitable deduction if you can itemize by donating the...

You should request wage and income transcripts from the IRS for 2019 and any other unfiled year and prepare your late moms 2019 tax return. If she...

Yes in addition to filing a federal income tax return you also need to file state and local income tax returns whether you are a green card holder...

If you have someone living at your house and owes a lot of money in back taxes what will happen?

If you are the owner of the property you are responsible for paying the real estate taxes. If you do not pay the taxes the local county and...

Do I owe inheritance tax on my deceased husband's IRA ?

you will not owe Pennsylvania inheritance tax on your husband's IRA. However you will owe federal income tax on any distributions you take from the...

If there is no PA inheritance tax due there is no penalty or interest for filing late. In addition Pennsylvania Department of Revenue does not...

Is the decedent's final year US 1040 tax refund received by the estate included on form 1500 for inheritance tax purposes?

Yes you do need to include the IRS 1040 refund and PA-40 refund as an asset on Schedule E of the REV-1500.

You only report the value of the bank account accounts and estate assets at the date of death on Schedule E of the REV-1500. If the estate earns...

Capital Gains on a house where we took over an equity loan (the deed only lists a dollar as the "price")?

Your cost basis would be the amount you paid for the home plus improvements including the home equity loan.