I want to know when I will pay taxes if I do a flip?

I have a rental and got a state WI. refund. Is it taxed as part of my gross income next year at 100%?   Does it count as income for next year?? 

So this seems like a very noob question but I am having a serious brain fart here.  Almost embarrassed to ask this!I just sold my second flip and i'm trying to calculate the exact profit amount.  I've crunched the num...

Hi! My name is sheila and im a nurse and my husband works for coke. Last year i made 247k (before taxes) and my husband made 80k. Our taxes for 2022 was 54k so we ended up owing 3200. In 2023, im estimating making 312...

I live in Arizona and am considering buying a lot and building a home to immediately sell upon completion in my home town in Kansas. I found dirt cheap lots for sale, and they are located in the county outside of city...

I see a lot of confusion about this relatively simple topic, so let's clear it up.1. Estimated payments in general. If you're strictly on W2 salary, your IRS taxes are taken out of your paychecks. Often they are takin...

If some one were to pay the back taxes on a house that is listed as a short sale what could possibly occur?

I found a house that is listed as a short sale. Did some due dilligence and the home owner owes 2009 taxes.
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so a member of my family has racked up a pretty good sized debt with the irs. i believe they got way behind on paying taxes for employees from their business. they cant afford to pay it off and the debt just keeps get...

Hi,I need some help trying to figure out what to do. I sold a property on May 30th and am holding a first mortgage for the buyer. The buyers attorney did a Title search at the local town offices on May 9th and was tol...

Ok so we are in the process of closing on our cash out refi hopefully closing next thursday the 24th BUT it may get delayed. This property i purchased with only me on the loan and not my wife, so when i filed my 2017 ...