asked
As an online tutor receiving cash or direct deposits with no W-2 or 1099, how do I go about paying taxes on that income? I plan to keep a log of all my income and expenses. What are the next steps, and how should I classify and document my expenses?
October 16th, 2023
I have not filed my taxes since 2017. My alimony is $45,600 per year, and I don’t work due to a chronic illness. How do I start the process?
October 16th, 2024
I'm a spouse of a US citizen in Texas, and I have a daughter from him. My spouse passed away and he has his own money on the bank and properties. No shared money between us. How will the assets and money be split between me, my daughter, and his kids from another ended marriage?
May 25th, 2024
A 70+ year old friend inherited over $200,000 in vacation, PTO, and other funds from her deceased spouse in 2020. Now, Medicare is reducing her Social Security by almost $800 per month. What steps should she take to address this issue, and will she need to pay taxes on the inherited funds?
December 1st, 2024
If I borrow money from my personal credit line to fund activity in a non-flow-through taxed LLC, can the loans be paid directly from the business account? Additionally, how can I manage my personal and business finances to optimize tax benefits and retirement savings, especially considering my low income and need for low-cost medical insurance?
July 10th, 2023
I own a small business and pay $250/month to my tax account for sales tax. If I move to an automated sales tax system like DAVO or learn to do it myself, how would I file my taxes at the end of the year and what paperwork do I need to accumulate?
August 10th, 2024