I am getting few hours of nanny service in exchange for rent from our mother-in-law's apartment. What are the tax documents that I need to file and also to provide my nanny in this situation?

March 21st, 2023

Can I deduct the maintenance (alimony) and health insurance payments I make to my ex-spouse from my reportable personal income, and if so, can I show these payments as business expenses to lower my gross income from my business?

March 29th, 2023

I started a Roth IRA in 2009. Can I draw that fund into my checking account on Jan. 1, 2014, and it will be tax-free income if I am 66 years old?

April 18th, 2024

As a grandmother, can I claim my grandson with autism who receives $250 a month in SSI and lives with me, if I pay over 50% of his expenses, without affecting his SSI payments?

February 22nd, 2024

Can a 100% member-manager of an LLC be considered an employee and take a salary, and can they also take money from the LLC as a distribution? Does the member-manager have to choose between taking a salary or a distribution, or can they do both?

February 1st, 2024