asked
I am a 66-year-old guardian of my 10-year-old grandson. I receive no assistance in raising him, and his father is in jail. I don't know if his mother is still around. Is there any kind of assistance I can apply for to help with feeding, clothing, and getting him through school? I expect to have him for at least eight more years, and my Social Security does not cover the bills.
November 19th, 2023
Do I have to pay taxes on the sale of a house that I inherited in 2012 for $80,000? My sister received a tax form for the sale for $72,000 that we split, and her accountant is saying she owes taxes on the proceeds as income.
February 29th, 2024
Does Section 179 apply to all businesses regardless of size, and how should leasehold improvements be handled for Section 179 eligibility, particularly if the landlord pays for the improvements but includes the cost in future rent?
September 24th, 2024
Is it possible to transfer profits from one business to another and what is the best tax-advantaged business setup for such a transfer?
February 17th, 2024
How do I pay taxes on Forex trading, and what are the tax implications of Forex trading in the US?
May 2nd, 2024
When I convert a new traditional IRA (containing a one-time contribution of $7,000 in after-tax dollars) to a Roth IRA, do I have to use the IRS 'pro-rata rule' due to my ownership of a gold/silver traditional IRA, and do I have to wait a year to convert, or can I do so immediately?
July 5th, 2024