It's too bad that your mother didn't consult an expert estate planning attorney before she died. This problem could have been avoided with a...

Agree with Mr. Cowan. Since the passage of the Tax Cuts & Jobs Act, most individual taxpayers are now better off taking the $12,000 standard...

Do I have to pay estimated taxes in even amounts?

You should consult an experienced tax advisor --- CPA, EA, or tax attorney --- and ask him/her to calculate the correct amount of estimated tax...

Too many people make the big mistake of trying to handle an IRS audit on their own without representation. YES -- you need to respond to the...

As the co-signer on a note you are not responsible for debt cancellation income. The law is clear on this point. Unfortunately, IRS collection...

Selected as the best answer

Agree with Mr. Saltz. I would add that it also depends on your expenses related to your employment. You should contact a CPA, EA, or tax...

Gift taxes aside, if you give your daughter money, and if she is on some form of public assistance, this may make her ineligible for further public...

It sounds as though the insurance company is trying to determine the actual amount of your lost wages. I am changing the category of your question...

Confused about my tax return ?

The IRS is slow in processing returns this year. Be patient --- you will receive your refund eventually.

Can a revocable or irrevocable trust in CA gift me 12k without a 1099?

Payment received for services rendered is taxable income. The trust should issue a 1099 for the year in question, and you should report that as...