asked
Can we continue now? Was that good? I am happy to call you if that gives you more for your time? The distribution from the Trust into these four accounts would be allocated in these percentages: Retirement Account - 42%, Money Market Account - 35%, Checking Account - 3%, Individual Brokerage Account - 21%. Do you like this allocation of capital? To review, you recommend an LLC simple and flexible for expense deductions and taxation as ordinary income. The trust does not affect me as far as taxation. Do you recommend an IRA as far as long term growth and tax advantages? I am new to just answer, so thank you for telling me how to benefit both of us. I want to be professional and a pleasure to work with. OK SUPER WHEN CAN I CALL YOU?
February 5th, 2023
I withdrew $36,328.01 from my IRA and deposited the full amount into a savings account. I am 54 years old. How much tax and penalty will I have to pay for the 2019 tax year?
October 28th, 2023
I have been making payments on a house for the last few years at $400 a month. We made payments on the taxes on the house and are at our 47th payment of the house. Now, the owner says we owe him more. What can I do?
July 19th, 2023
For the past 2 or 3 years, I have received a 1099-misc form for income from board work in a micro-cap, employee-owned company, paid in illiquid penny-stock shares that cannot be sold due to the company's financial difficulties. Is there any mechanism to defer declaring this income, such as marking the year-end value of the stock to zero due to its illiquidity, even though it theoretically has value?
January 3rd, 2023
I spent $25,000 on establishing a business in 2017 and 2018, primarily on travel and entertainment, but have not received any income yet. Can I deduct these costs on Schedule C in 2017?
January 23rd, 2024
How much can my 14-year-old stepson earn from working before he would owe taxes or be required to file a tax return, given that he receives $228 a month from his mother's disability benefits and we claim him as a dependent?
December 7th, 2024