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Yes, taping inside corners is a critical step in the drywall installation process.  Properly taping inside corners is essential for achieving a professional look, and an installation that resists cracking and maintains its integrity over time. Taping the corners involves the application of a joint compound along the seam where two drywall pieces meet. This process provides reinforcement, conceals the seam, and prevents future gaps or cracks from developing.

When choosing materials for finishing basement walls, consider factors such as moisture resistance, durability, and fire resistance. Opt for materials specifically designed for basement environments, like moisture-resistant drywall or cement board. Insulation with vapor barriers can help regulate temperature and prevent condensation. Consider using mold-resistant paints or coatings. 

Research and consult with experts to select materials that are suitable for your specific basement conditions and intended use. Prioritize quality and compatibility to achieve long-lasting and aesthetically pleasing results.

Whether you need a drywall anchor depends on the specifics of your project, particularly what you're hanging and where. You do not need a drywall anchor if you can screw or nail the object directly into a wooden stud, as the wood provides sufficient support and stability. However, if there are no studs in the location where you plan to hang the item, you should use drywall anchors to ensure it is securely supported. For very lightweight objects, like small pictures, adhesive picture hanging strips can be a suitable alternative to anchors.

Yes, small, superficial cracks are normal as homes settle. Older homes have a higher chance of showing signs of settling through hairline cracks from temperature changes, moisture changes, and soil shifting. However, larger cracks, or discolored cracks from water damage, may signify a bigger problem that requires reparations and preventative measures.