A tax attorney, CPA or EA could get a copy of her IRS account transcript and tell her the amount that was actually discharged. Expect to pay for...

Mr. Hansen is correct! Annuities are tax-deferred vehicles, so any gains after your father first purchased the annuity will be subject to...

Agree with Mr. Cowan. You are legally required to file a tax return every year, so you should file regardless of whether you are getting a refund...

Taking someone else's mail is a federal offense! Report this theft to the police and get a new roommate.

Without reviewing the actual correspondence that you received from the IRS, it's hard to know exactly what is going on. You should talk to a tax...

Nobody on this forum can properly advise you based on the information given. You should be working with an investment advisor, or a CPA, or BOTH....

As a general rule, the Tax Cuts and Jobs Act made non-taxable any alimony payments or spousal support payments received pursuant to a separation...

If he is paying you on a 1099, then you would report your earnings on Schedule C, as well as any expenses. However, if you are driving his...

I'm not specifically familiar with Illinois state law, but many states have an exception for gifts between family members.

If your wife executed a common law durable power of attorney before she became incompetent, you can attach a copy of it to IRS Form 2848 and fax it...