asked
How do I report and pay accelerated FICA taxes on a Supplemental Executive Retirement Plan when we are not making a distribution yet, only wanting to pre-pay the FICA taxes, and need to handle this tax payment through our payroll system or report it with our tax payment since we will simply be increasing the social security and medicare wages for the tax payment but not the gross wages?
May 14th, 2024
How do I report income from subletting office space on my tax return if I file a Schedule C as a sole proprietor?
September 29th, 2023
If someone receives an inheritance under a trust from an aunt and puts the money in a joint savings or money market account with their daughter, and the mother later passes away, are there any inheritance taxes to pay on the money?
June 6th, 2023
I work for a large company in NJ. My W-2 shows the same amount for federal and state earned income, despite having cafeteria benefit deductions taken from my salary. I believe my NJ state earned income should be higher than my federal earned income. What simple deductions are excluded from NJ earned income versus federal earned income, considering this is a company-prepared W-2 and no capital gains or stocks sold are involved?
April 21st, 2024
I am trying to file taxes but I was on maternity leave at the beginning of 2006. Do I have to wait for something to come in the mail before I file?
March 5th, 2024
Two divorced parents claim the same child on their taxes this year, even though they agreed to alternate years. What should they do?
November 9th, 2024