I am taking an early 401k distribution and need to know how much my Minnesota state tax will be. I was told this tax will have to be paid quarterly as estimated income, with the first payment due Sept 15. What is my tax filing status and approximate income including the distribution?

January 7th, 2023

I have questions about filing as an injured spouse. My entire 2017 tax return was taken due to a debt my spouse owed. The form 8379 is confusing, particularly section 1 part 9, which asks if I'm receiving a tax credit. If I check 'no', it says I shouldn't file the form. I was due an overpayment refund of over $6000, but my spouse's ex filed to collect money through a court. How should I proceed with filing Form 8379?

March 21st, 2023

Am I classified as a non-resident alien (NRA) for tax purposes? I am on an O1 visa and have been in and out of the U.S. over the past few years. My payroll company is currently taxing me as an NRA, but I believe I should be classified as a resident alien.

March 1st, 2023

I received a small inherited IRA (approx. $25,000) from my husband when he passed away in 2013. It has been performing poorly with the current administrator. Since I am 55, I want to take it all out and put it into a solid 10-year CD with my credit union. Will I have to pay a lot of taxes on it if I do that?

July 18th, 2023

What are the licensing requirements for negotiating real estate deals in New York, and can an unlicensed individual receive payment for finding investment opportunities for investors?

August 29th, 2023