People think they are saving money by not seeing a probate attorney after their spouse dies. In reality, they are being "penny wise and pound...

I assume that your capital gains exceeded the $250 K exclusion amount ($500 K on a joint return), or that you did not meet the 2-year principal...

Net gambling winnings must be reported to IRS on your income tax return. Whether you will be required to pay tax on the winnings is a question...

It is obvious that you do not have either an attorney or a CPA. If you run your own business, you need to have BOTH. You cannot run a business...

I believe that your situation is analogous that of someone selling goods online. So for income tax, your income would be earned in the state where...

Wow! It sounds like you and your siblings have been badly treated. Hopefully you were all adequately compensated during the years that you...

If you are legally married on the last day of the tax year (December 31), then you are required to file as a married taxpayer for that year. So in...

It is unclear from your question what type of tax return you are referring to. If a 1041 (fiduciary income tax return), then there is no response...

Anyone in any kind of business for himself/herself needs to have a bookkeeper and a CPA. This is a question for your bookkeeper AND your CPA. ...

Under Ohio law, an adult child of a deceased parent has no automatic inheritance rights. Count your blessings and move forward.