Social Security Questions
taxes on sale of inherited property
does the proceeds from the sale of inherited property have to be reported as income ?
HSAs
I have 2 HSA plans from 2 different employers. The 1st HSA is from a former job; in 2022, there..
IRS – 2021 Return
I made a mistake on our 2011 Q4 estimated tax payment. I put our pass through LLC ein in our..
Tax deduction of interest lost penalty on closing an IRA CD before maturity.
In other words; If you were to close out a low interest rate CD that your IRA is currently in,..
IRA SAVINGS CONTRIBUTIONS
A recent AARP article indicates a$1,000 savings is available to low income earners by depositing to a IRA or 403b..
Income taxes For disability payments
Hello, last year(2022)I was put on disability. I worked the first to months of the year. I also received back..
Tax on Conversion of IRA to ROTH
On December 30th, 2022, I converted $96,928.00 from traditional IRA to my ROTH. Knowing this is a taxable event, I..
Do I need to file a tax return?
my tax preparar said that i did not have to file because my income is where i didnot have any..
Property tax
The house we live in is located in Palos Heights. My husband purchased it three years before we got married...
Mail communication
I recently received Communications from the IRS that contain information about social security numbers, tax forms, dispositions and so forth...
T-Bills income tax filing
If I get a 1099-I for t-bill interest, but my total interest income for the year is less than $14k,..
Taxes on eBay personal sales
Hi Terry, I sold approximately $1200 of personal items on eBay last year. Selling on eBay is not my hobby..
Qualifying dependents for Taxes
I have a 1 year old grandson that I want to claim as a dependent. His mother has Medical and..
Federal tax
Can I reduce what I owe the IRS for 2022 by investing in either my 401k, or an Ira account.?..
Question regarding taxes
Terri I started receiving social security benefits in January 2023. My yearly income will be approximately $25,000. I will not..
IRS lost refund check
Hi. We received our tax refund check around Nov 1, 2022. Our daughter mis-placed it. Called IRS, unable to talk..
taxs
I get SS and VA benefits they said I don’t have to pay tax on veterans money I live in..
Federal taxes
If I only get 16000.00 in social security with no other income do I owe federal income taxes?
IRS Backlog
can you give us an idea of how much backlog the IRS has in general at this point? I am..
Roth IRA mistaken contribution
Hi Terry. I opened a Roth IRA last year(2022). I learned this year that there is an income limit for..