Question from Alice July 26, 2010 at 10:53pm Richard, My boyfriend and I have two daughters and have been living together for four years. We've always made the same amount of money and split everything down the middle, as well...

Question from Robert July 12, 2010 at 6:46pm Richard, If I already get money back on my taxes and I receive the $1500 energy tax credit does that mean I will get an additional $1500 back on my taxes?? Answer: ...

Question from Rob June 27, 2010 at 9:22pm Richard, My wife and I recently sold the only stock we own at a long-term gain of $18,000. Our combined annual income (we're retired) is well below the $68,000 maximum for the...

Question from David June 26, 2010 at 7:41am Richard, Can I deduct from my Oregon taxes the real estate commission for a rental property that I'm purchasing when the seller agrees to have me pay this commission? Answer:  David -...

Question from Hariharan June 24, 2010 at 4:47pm Richard, Hi, Last september I bought my House from my brother. Myself and my brother is having the same last name and IRS rejected my First time home buyers credit. Also they...

Question from Connie June 24, 2010 at 3:05pm Richard, I AM A SENIOR LIVING ALONE. IF I SHARE MY HOUSE WITH A RENTER, DO I HAVE TO CALIM RENT AS INCOME? I AM 74. Answer:  Connie - As a general...

Question from Andrea June 21, 2010 at 11:08am Richard, Client has a 50% interest in a partnership, with an outside basis of $3,500, which he sold for $5,000. The partnership had inventory and a capital asset with respect to basis...

Question from Brianna June 24, 2010 at 2:54pm Richard, I would like to file my taxes for the last tax year. I would be eligible for a refund. Can I make an appointment for tomorrow in the morning anywhere from...

Question from Scott June 20, 2010 at 1:09 pm Richard, I have an IRA that contains both pre-tax and after tax contributions. I want to convert it to a Roth IRA without paying taxes or minimizing the taxes. I also...

Question from Jay June 10, 2010 at 12:13pm Richard, My father in law is in a nursing home. His gross income from Social Security and cash rent on farm land is $60,000. All of his and some of my income...

Question from Daniel June 9, 2010 at 10:40pm Richard, I bought a house in late 2008, I purchased alot of things for my house in 2009, such as windows/doors/floors/ etc. I do have the receipts for these items, how can...

Question from Lauren June 9, 2010 at 6:46am Richard, I didn't have all the money I owed when I filed my taxes. I was advised to send in whatever I could and that the IRS would contact me about the...

Question from Norma June 6, 2010 at 9:26pm Richard, I have a cd coming due and I would like to give my 3 children $10,000 each. It is from a small amount of money my mother left me over 25...

Question from mvang June 6, 2010 at 8:51pm Richard, i have a question about the tax credit to see if i still qualify. i have sign all final paper work today, June 4, 2010 and will be closing on June...

Question from P. Jefferson June 3, 2010 at 1:17pm Richard, It has been six weeks since my amended return for the $8,000 housing credit. How do you check on this? Answer:  P. Jefferson - Amended returns may take 8 to 12...

Question from Leona June 4, 2010 at 5:20am Richard, You sent me a request to return my signature for my 2009 taxes. Apparently I sent you my copy w/o signatures. I lost the return envelope. What's the return address, please?...

Question from Nancy June 2, 2010 at 9:49am Richard, Is it correct that income earned in other states is not subject to Oregon income tax Also how are taxes handled if one person in a marriage retires and becomes an...

Question from Mike May 29, 2010 at 4:44pm Richard, My 2009 Fed return was ammended in my favor for $1500. I can't imagine any chance tracking down the person who ammended my return to give a thank you but I...

Question from Martha May 26, 2010 at 8:53am Richard, I will go to Hennepin Tech.Collegue to study MEDICAL CODING, ALSO ENGLISH AS SECOND LANGUAGE...CAN I GET TAXES DEDUCTION FOR THOSE?? Answer:  Martha - There are a number of potential tax...

Question from Carrie May 23, 2010 at 5:24am Richard, My husband is disabled and has NO income at all. I work and pay all the bills. We have two children. Every year I have to file the injured spouse form...

Question from Ruth May 21, 2010 at 6:20pm Richard, my mother in law passed away, but before doing so she put her house in my husband's name. How much do we have to pay in capitals gain tax? Answer:  Ruth...

Question from Margaret May 20, 2010 at 3:30pm Richard, Within the last couple weeks I read a column in the Oregonian where someone was asking about methods to defer income from inheritance funds that were in pre-tax retirement account of...

Question from Paul May 20, 2010 aT 9:17am Richard, I am 53 and self-employed with a SEP-IRA that I've maintained for many years. I expect to make the full allowable deductible contribution in 2010, but was wondering whether I can...

Question from Shawna May 19, 2010 at 7:44pm Richard, My husband and I are divorcing we have property that will be sold two homes and bare land. How will I be taxed on the settlement from the divorce? Answer:  Shawna...

Question from Reginald May 19, 2010 at 2:52pm Richard, My Short Term Disability policy is paid on an after tax basis as a payroll deduction. However when I received my disbursement it was also taxed. Is this taxable income? Answer: ...

Question from Laureen May 16, 2010 at 4:06pm Richard, Can I claim my nephew as a dependent if he's 23 and had an income of 28k , but was a fulltime student? He lost his fulltime job in march but moved...

Question from Glare May 13, 2010 at 5:29pm Richard, Does a resident of the Philippines while in Guam working on a temporary basis under an H-2B visa liable to pay FICA taxes? Answer:  Glare - Generally, the H2B working visa...

Question from Lisa May 12, 2010 at 9:28pm Richard, I see you have received and answered many questions about the homebuyers tax credit. Perhaps mine puts a new twist on homebuyers concerns. I contracted to purchase a new construction condominium...

Question from Tom May 11, 2010 at 6:38pm Richard, I received an out of court ADA cash settlement and was taxed by the Federal Govt. Now my income is over 230 so they now are taxing me again an additional...

Question from Laricia May 8, 2010 at 7:50pm Richard, if my dads spouse signs a power of attorney can he sign her name to their refund checks Answer:  Laricia - A power of attorney can be used for a number...