I answer tax questions for Tax Act. If you just need to move around in Tax Act, Tax Act wants to help you. Send an E mail message to support@taxact.com for free, quick help.

I want to offer advice on preparing tax returns. I have been preparing taxes for 20 plus years, teaching basic taxes for 15 plus years and teaching advanced tax courses for 10 plus years. I want you to learn how to do returns with all your investment income properly entered. This encompasses many areas all of which I have taught in tax seminars over a period of 15 years. I do not prepare corporation, partnership or trust tax returns. I do not do 1031 exchanges, foreclosures, bankruptcies or abandonment of property including cancelation of debt.Some broad areas are:

A new topic is how and when to deduct losses on Regular IRAs and Roth IRAs. You should know these rules before you sell, so that you know how and if this strategy will save you dollars.
• Interest
• Dividends
• Bonds
• Non Taxable Interest
• Non Taxable Dividends
• Sale of Home
• Rentals
• Part Personal Part Business Rentals
• Not-For-Profit Rentals
• Sale of Stock
• Basis of Stock
• Wash Sales (Where the IRS does not allow you to take a loss if you buy, acquire or enter into a contract or option to acquire substantially the same stock within 30 days.)
• Inheritance
• Pensions
• IRA's
• Social Security

• REMINDING INGENIO CUSTOMERS TO RATE INGENIO ADVISORS, YOU SHOULD STAY ON THE LINE AFTER AN INGENIO CALL AND ENTER A RATING USING THE TOUCH TONE PADS ON YOUR TELEPHONE. YOU WILL NOT BE CHARGED WHILE YOU ARE ENTERING THE RATINGS AND THESE RATINGS WILL HELP OTHER INGENIO MEMBERS DISTINGUISH THE GOOD SPEAKERS FROM THE *GREAT ONES*. I NEED A FIVE STAR AVERAGE TO BE LISTED AMONG THE BEST TAX ADVISORS. IT'S VERY HELPFUL TO GIVE COMMENTS.

  If you prefer you may contact me via ingenio Mail. An Ingenio Mail response will typically be returned within 24 hours. The fee schedule for answering Ingenio E Mail inquiries is a follows (Based on the amount of time spent determining and formulating the response.):

  • $10 -$15 (Involving a relatively brief explanation)
  • $16 - $21 (Involving some research or a moderate degree of explanation)
  • $22 - $50 (Involving extensive research or a lengthy explanation)