What should someone do if their employer's W-2 does not have the correct amount of Social Security and Medicare taxes withheld, and the employer has closed with no response from the person responsible for preparing the W-2s? Will filing a personal income tax return based on this incorrect W-2 affect the individual?

February 22nd, 2023

Is it necessary to file tax returns for a decedent or the 1041 for the Estate in the following case: died 3/23/18, income through disability less than $5000 in 2018, cash of $3400, 2 properties both of which were sold at a slight loss during this year (appraisal of $200,000 for both, sold for $186,000, independently)?

September 3rd, 2024

As a newly formed S corporation collecting contributions from the public to issue funds to low and middle-income citizens nationwide, what information do I need to retain from the citizens when issuing checks for tax purposes or for the IRS?

November 14th, 2024

I started receiving Social Security at age 61 and will be fully retired at age 66. Due to financial struggles, I may need to start working again before reaching full retirement age. What are the earnings limits and penalties if I start working at age 65.5, and how will this affect my Social Security benefits?

November 5th, 2024

My wife began collecting social security at age 62, and I began collecting at age 64 and 10 months. We are now ages 77 and 76, and I just read that my wife may be eligible to collect one half of my benefit. Please clarify.

September 17th, 2023