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 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

 What are the federal filing requirements if you live in Missouri but you are working in Texas? Also, for .... ... read on

I often show my classic car in concours events that benefit a charity. I receive no compensation for these events. .... ... read on