Can I claim HOA dues, medical and dental insurance payments, car loan interest, life insurance and long-term disability insurance payments, home termite treatment costs, vet care bills, and pet licenses when I file my taxes as a non-business filer?
May 4th, 2024
What are the taxes called that businesses pay quarterly?
December 6th, 2024
In California, if the primary residence is held in a revocable trust as joint tenants and a spouse dies, how do you calculate the potential capital gains owed if the property is sold?
April 30th, 2023
If I open a Revocable Trust bank account and place money in it, do I have to pay taxes on that? If I purchase a home and place it in the Trust, would I pay taxes on that? If I receive a distribution from an Irrevocable Trust, would that be taxed, or does the Trust pay the tax? If I am taking care of my grandmother and she pays me, can I take a gift of $14,000 instead of getting paid with a W-2 until it exceeds that amount, or do I have to report all the income? Can she write off the expense if it's a gift or compensation?
February 20th, 2024
I want to apply for a property tax refund as a renter, but I did not file a tax return last year because my income was too low according to my tax preparer. How do I list my adjusted gross income (AGI) on the form since I have no AGI figure to post?
June 9th, 2024
Is it legal to pay an employee in cash?
October 23rd, 2023