I missed my 403(b) payment on time, causing the loan to go into full default for $8,000. What are the tax implications and penalties at tax time, and what can I do to mitigate these consequences?

April 13th, 2023

I traded my primary single-wide mobile home for a new double-wide that we put on a new basement. The traded home was only in my name, and the new home is in both names. I am eligible for a Homeowner's Tax Credit of $6,500. How do I claim the tax credit for the new home while reflecting the 'sold' single-wide home that was removed?

March 7th, 2023

I am divorced and have a minor child in my custody and an 18-year-old in college. We are filing separately. Can I claim the 18-year-old in college as a dependent?

May 29th, 2024

I worked for a company for 16 months and fell on the property, resulting in injuries and later diagnosed with stage 3 Non-Hodgkins Lymphoma. I received short-term disability, long-term disability, and workers' compensation. My pay stub shows I paid premiums for both disability programs pretax. Do I have to declare the disability benefits as income on my taxes, or are they tax-free since I paid the premiums pretax?

November 20th, 2024

As a 1099 worker in a startup business where I am also a manager, what is the distinction between per diem and reimbursable expenses, and can I claim per diem while also receiving reimbursable expenses from the business?

October 22nd, 2023