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

On form 1041, can a loss be distributed via form K-1 to the grantor? If not, which schedule distributes .... ... read on

I have some land that I want to build on. I plan to apply for a construction loan to build .... ... read on

Two cousins inherited a valuable painting from an Aunt. The estate valued it at $15,000. I knew that appraisal was .... ... read on

If I receive a Form 1099-MISC and box 7 has $50,516.00 entered, but $25,000 of it is for parsonage, what .... ... read on

I have a trust that receives 100% of its income from a S Corporation. The trust passes through 100% of .... ... read on

Is it possible two life estates to exist on a property. For instance, can two sisters contribute resources in .... ... read on

What statute covers the "step up basis" granted at death? ... read on

If I have an installment agreement with the IRS, can I pay off the balance in full during the agreement? ... read on

I am a US citizen, have been living in Germany for over 20 years. I am married to a .... ... read on

What specific tax codes speak to the tax treatment of traditional IRAs and Roth IRAs? ... read on