We obtained property through a set-aside. We sold it for 115,000. How do we report for taxes?

Property received through inheritance (probate) has a tax basis equal to the value at the time of death of the decedent. Gain would be calculated...

Do I have to pay two state taxes if I live in the opposite state that I work??

You won't necessarily end up paying taxes in both states, but you will end up filing in both. Many states have reciprocal agreements for things...

Do you mean a PA sales and use tax registration (filing form PA-100)? If so, you would use your federal EIN and legal name to apply, but you can...

In PA it is sometimes confusing. There is a school tax levied as part of the property tax. In almost all rental arrangements, this would be paid by...

Can I get more money compensated?

If they were paying you under the table and not withholding taxes (or providing you with tax forms), there is something fishy going on. This...

Does this tax service company have any right to my property, because they have been paying my tax bill behind my back.

Core Logic is a service provider to bank/mortgage lenders that, among other things, makes sure property taxes are paid so that a mortgage holder...

Parent passed leaving small property, so how do we deal with it? One sibling wants, others do not.

I wasn't clear on what you mean by camp and that's important because PA's summary probate procedure is not available for real property assets (real...

What taxes does one pay, if he is loaned, per a written agreement, $300k is the loan.

No, if it is a valid loan, the amount borrowed is not income and not taxable. Payment of interest (real payment of interest) is one characteristic...

Do I have to pay taxes on a settlement offer for my 2nd on my rental. Collection agency Veripro Solutions wants to negotiate.

You would want to engage an attorney who specializes in consumer debt issues to deal with a collection company. What they are doing and whether it...

I am wondering if IRS could forgive the interest accumulated for the tax amount that was not paid?

Interest is statutory meaning the IRS does not have flexibility to waive validly charged interest (invalid interest would be a different matter)....