Explore the 1,000’s of tax questions answered by professionals.

I am preparing my 2011 tax return and have taxable income of $12,000 as reported on line 43 of form .... ... read on

My wife and I are going through In vitro fertilization to have a baby. We are using a donor to .... ... read on

Can a property on a life estate be entitled to a step up in basis? I inherited 1/2 of a .... ... read on

I am a 1099 contractor in an 18+ month contract in Florida. I live in Alabama and had to temporarily .... ... read on

I paid for my grandchildren's college tuition. Is this a deductible expense and am I subject to gift taxes? ... read on

I did not file my taxes in 2010 or 2011 and owed for 2009. I just received a letter .... ... read on

In 2010, I withdraw about $30,000 total from my roth and traditional IRA. I know I have to pay the .... ... read on

If you withdraw money from your 401K before your reach the age of 59 1/2, is 10% early withdrawal penalty .... ... read on

I am considering lending $25,000 to my mother-in-law to buy a car while she awaits an insurance check. Once she .... ... read on

We have an opportunity to purchase a small investment home ($40K) but are disagreeing how to finance it. A) Take out .... ... read on