03 Aug I never reported Mom’s death to the IRS and Social Security. What now?
The executor or administrator is responsible for filing tax returns. ...
30 Jul Will N.J. try to tax my out-of-state income?
States offer a credit so you do not pay taxes twice on the same income....
29 Jul How can I file tax returns for years I was married? My ex won’t help.
You can file even without information from your ex-spouse. ...
28 Jul I’m selling an inherited home. What taxes will be due?
Your tax basis is generally the fair market value on the decedent’s date of death. ...
27 Jul I’m an artist. What can I deduct for my donated paintings?
You must first determine its fair market value on the date of the contribution. ...
27 Jul If I sell on Facebook Marketplace or NextDoor, are the profits taxable?
The profit is subject to both income tax and self employment tax, ...
23 Jul Dad died. How do we figure the taxes on Mom’s home sale?
You may be eligible for a capital gain exclusion when you sell a home. ...
20 Jul What’s the deadline for my next IRA distribution?
People could skip a distribution because of the coronavirus pandemic. ...
16 Jul My friend never filed my taxes for 10 years. What do I do?
You can take steps to make it right with the Internal Revenue Service (IRS)....
16 Jul How much tax will my mom owe on her home sale?
There are several strategies to lower taxes owed on a home sale. ...