I am 60 years old and plan to retire next year, taking a lump sum payment of $375,000. How much tax would I have to pay on that money, and would my pension of $36,000 help move me into a lower tax bracket?
January 14th, 2023
December 20th, 2023
A tax attorney advised me to close my existing corporation and start a new LLC to settle my 5 years back 941 taxes. He said I could start fresh with the new LLC and then settle on the back taxes. Please advise.
April 18th, 2024
Can I change from having the estate pay the tax in the previous year to the beneficiaries paying the tax this year, given that last year there was no tax due and no K-1s were issued, and this is the second and final return for the estate?
March 20th, 2024
Is long-term care insurance an exemption under the tax code?
August 20th, 2024
Are home construction loan interest payments tax deductible?
August 23rd, 2023