I sent a subcontractor a 1099-MISC in January and I am filing my taxes online, but I am not sure what to do with the red 1099 and 1096 forms that need to be sent to the IRS.

October 4th, 2023

I was eligible for a subsidy for my health insurance through the health insurance marketplace, but after a raise, I exceeded the income threshold and failed to alert them. How should I handle this on my income taxes?

December 28th, 2024

Does a doctor who turns 70.5 and is still working have to take a Required Minimum Distribution (RMD) from their retirement accounts?

September 6th, 2024

As a theatre professor on sabbatical, I will spend four months in Germany for an intensive language course and observing rehearsals at a professional theatre. The university will pay me 50% of my regular salary. How can I determine what extent I can write off travel, lodging, and tuition for the language course on my taxes?

April 20th, 2024

My wife and I will file 'married filing separately' because I am in the 35% tax bracket and she is in a much lower bracket. Are there rules about how we must split itemized deductions like donations to Goodwill and property taxes, or can we split them as we desire? Do we have to figure out who 'owned' what of the donated items, or prorate property taxes if the house is in both names? We are Florida residents, which is not a community property state.

October 12th, 2023