If you maintain this property as your principal residence for 2 out of the 5 most recent years, then you would qualify for the capital gains...

If your Ex transfers more than $18 K to you in a single year, she would be required to file a gift tax return and report the gift to IRS. But it...

This is really a question for the attorney handling your divorce. You should ask him/her whether it is OK for you to withdraw funds from your...

You should pay back the full amount. At year-end, review your W-2 correctly to ensure that it correctly reports the amounts that were withheld...

Special treatment on capital gains apply to the sale of a principal residence, and if I read your question correctly, you are planning to sell your...

There are other issues at play here besides just capital gains tax. If the house has appreciated in value over the past 15 years, any amount paid...

It sounds like IRS never received your 2019 income tax return --- either because it was incorrectly e-filed or it was lost in the mail. Your CPA...

As I read your question, the Executor/Administrator of your father's estate has already transferred the property to you and your siblings by means...

Depending on the language of the trust document, a trust amendment may not be necessary. Many attorneys draft trust documents with trustee...

The IRS has placed a lien on your house because your wife owe's back taxes and the IRS wants to make sure that they receive payment if/when you...