You need to sit down face-to-face with a CPA AND a business attorney to discuss your situation. It's impossible from your question to determine...

It sounds as though the IRS has prepared a SFR for you (substitute for return) for years 2019 and 2020. IRS sometimes does that when individuals...

You definitely need to engage the services of a professional income tax preparer before you get yourself into trouble. Best of luck to you.

As a general rule, lawsuit settlements are taxable income. That is why you received the 1099. If you are unsure how to prepare your 2023 income...

Tax preparers generally charge based on the complexity of the income tax return, NOT based on the amount of a taxpayer's refund. The only...

Short answer is this: if you received a 1099-S, then you are required to report the sale of the house on your income tax return, even if you...

You are required by law to file an income tax return if your income is above the Standard Deduction. So if you were required by law to file, and...

The answer isn't as simple as you might think. And without more facts, I cannot give you an answer. If the estate earned more than $600 of...

If he meets all of the other requirements for claiming the child as a dependent, then YES. To claim a child as a dependent, the child must be:...

Before you try to sue your tax preparer, why don't you try calling him/her to try to find out what is going on? If that doesn't work, go to a...