I have a United States tax question. During 2020, I contributed to an IRA with the hope of deducting the contributions from my income. I worked for a company that offered a 401(k) for a month in 2020, and the rest of the year for a company without a retirement plan. My modified AGI is over $124,000. Since I worked for a company with a qualified retirement plan and had AGI over $124,000, I don't think I can deduct the IRA contributions. Do you agree? Can I transfer the IRA contributions to the 401(k) to make them deductible? Does it matter if the transfer is made in 2021? My goal is to have the IRA contributions deductible on my 2020 tax return.

February 19th, 2023

I have purchased vacation ownership in Mexico through a large resort company with multiple locations. I originally purchased in 2017, but have upgraded several times over the past 3 years. We now have a significant investment in their vacation ownership and it is now considered a fractional ownership. I just discovered a Form 8938 and didn't know if it applies to me?

October 24th, 2024

I have not received my $600 Stimulus check yet and my bank account is closed. How can I get it, and what should I do if my information is not recognized by the IRS portal?

April 24th, 2024

I need a copy of my 2019 tax return. How can I retrieve it?

December 9th, 2023

If I hired a contractor and he referred another contractor to do work on my rental property, and I paid both contractors, am I responsible for paying the recipients' taxes, and should I put my information as the payer on the 1099 form?

July 16th, 2024