You clearly know the answer to the question that you are asking. A person cannot claim someone as a dependent unless they provide more than 50%...

Agree with Mr. Cowan: All income is reportable on your income tax return. As to the account itself, you need to consult a CPA or enrolled agent...

It usually takes a few days. But it's hard to say with the IRS these days.

Absolutely! It is a crime to not file a tax return. You can obtain a tax ID # on the IRS web site.

Nobody on this forum can give you instructions as to how to fill out an income tax form ---- you should get assistance from a CPA or enrolled...

The IRS issued the lock-in letter because you were not having enough tax withheld from your paychecks ---- not because you owed back tax (although...

Before making any gifts, you should consult an elder law attorney.

You need assistance from a CPA who can crunch the numbers and help you do the math --- nobody on this forum can help you with that. And YES, the...

The income threshold for being required an income tax return for 2022 if you are single and over 65 is $14,700. So YES, you are required to file....

If you want to get an income tax refund in 2024, you should ask your employer to withhold additional tax from your paycheck each pay period. Your...