We won a $200,000 settlement plus $170,000 in legal fees from a lawsuit due to real estate fraud. We are trying to buy a home and want to know if it's better to put 20% down ($116,000) or finance the home at 100% and invest the remaining money for future retirement, college savings, etc. Additionally, what are the tax implications of this type of settlement?

February 7th, 2024

Who can take your taxes?

May 13th, 2023

Can someone help me estimate what I would pay in Federal and State quarterly taxes as a partner of an LLC getting guaranteed payment of $150,000 per year? I am working in the state of Maine and my filing status is married filing jointly with one dependent under 17. My husband earns $40,000 from a W2 and has an estimated income of under $1,000 from a K1 (he is part of an S corp).

July 7th, 2023

Can I move inheritance money offshore to avoid high tax?

December 6th, 2023

I was suffering from depression and did not file my 2009 and 2010 tax forms, even though I was entitled to a refund. Is there any way I could recover those refunds? I am currently unemployed and the money would really come in handy.

February 24th, 2024