Personal Taxes
The most frequently asked tax questions related to Personal Taxes
Missed RMD & potential liquidation of smaller ira
Asked Wednesday, September 23, 2026 by AdrienneRMD wasn’t taken for 2022-24. Was taken in 2025. Will I be require to pull out back rmd (combined with this yr +/-$40k). Additionally, there is a different IRA of $40k I want to use to pay 1/2 the house off. It’s currently losing $. For other reasons it has to be now or never & if not the $203/m rmd can’t be used to pay down the home. Annual income is +/- $79k. I know I’d potentially be doubling my tax base for a year but I feel like if it’s losing $ + rmd + mortg interest it’d be worth it. 83yo
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Overdue taxes
Asked Tuesday, September 01, 2026 by KabianMy wife and I have not completed our taxes for the last four years. I'd like to find someone to do them.
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capital gains
Asked Tuesday, August 04, 2026 by MichaelDivorced and agreed on a delay of sale of marital home with my ex remaining at the home and responsible for paying the mortgage. I would get half the equity at the time I moved out (Aug 2024) and she need to sell/buy me out by NLT 2032. I have read that either I need to update the MSA to state that she has "exclusive use an doccupany' of the home to qualify for the Captial gains tax exlcusion. I have also read that I will still qualify even if I dont under Sections 1041 + 121. Is this true?
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Taxes
Asked Friday, July 24, 2026 by frankI am retired 68 years old. I earm 46,000 from social security and 17,000 from nyc pension for year end 2026. Will I have to pay taxes when I file in 2027.
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IRS HAS QUESTIONS RE: 2025 TAX RETURN
Asked Monday, June 29, 2026 by CarmenIRS wants to verify my identity and obtain proof of my having filed a tax return for 2025.
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Taxes amount
Asked Monday, June 15, 2026 by A S M SARWARWill my personal income tax be combined with my business tax? I am in New York and run a business in Alabama. How much tax do I need to pay for my business? Will it be connected to my personal income tax? What will the calculation for my business tax be if it is not included?
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Crowdfunding management need to know how it gets taxed
Asked Sunday, June 07, 2026 by EricaI maintain some crowdfunding campaigns where I keep none of the profits and there are no gifts or services sent out to any donors. I need to know how it will get taxed. I have a gross income around $13,000 and a net income at around $12,000. Can I use it as a charitable write off? How much should I set aside for taxes?
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FiCA tax exemption for domestic services
Asked Sunday, May 31, 2026 by MaryIs a step parent exempt from paying FICA taxes for performing domestic services for their adult step daughter that lives in the home?
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Withdrawal from rollover IRA
Asked Wednesday, May 27, 2026 by KateHow much am I qualified to take out from my rollover IRA as a first time homebuyer in Massachusetts to help with closing costs and what do I need to do from a tax perspective in order to accomplish this?