I make $2,000 per month as a live-in caregiver, and I will receive a 1099 form for this income. I need to know how to pay my own Social Security/Medicare taxes and how to handle my income tax, including which forms to use and how to calculate the amounts. Additionally, if I am paying COBRA premiums through a past employer, can I deduct any of that?

May 2nd, 2023

A taxpayer wishes to claim insolvency to exclude cancelled debt income from taxation. He has an interest in an employment pension fund which he cannot access until a certain age. Does it count as an asset in the insolvency calculation?

October 12th, 2024

My mom passed away and she had an irrevocable trust. I am the trustee and need help with Form 593-C. I believe I am exempt. The property is being sold for less than its value at the time of her death. What are the tax implications and how should I proceed with the form?

November 11th, 2024

Someone is using my wife's social security number to work, resulting in an IRS tax bill of $15,150, with a demand to pay $3,590 on this income. The bill is not ours and we refuse to pay. We assume the IRS will seize our tax return. How do we fight this problem?

February 11th, 2024

I sold my mother's house in late 2015, and my name was on the title of the house which she purchased in 1969. Can I assume or bring the property tax bracket with me if I purchase another home?

October 31st, 2023