asked
I am considering buying another rental property or a house to resell on a seller finance contract. I could buy a 450k house with a 3.3 percent interest rate and sell it for 500k at 6 or 6.5 percent interest, potentially cash flowing 1000 a month. Given the uncertain future, is it wise to take on more debt? What would happen with hyperinflation?
August 31st, 2023
I am Bill, a retired active Army member receiving disability and Social Security, which are non-taxable. I received the first COVID-19 stimulus check but have not received any others. I contacted the IRS but received no help. Should I file a tax return to receive the remaining stimulus checks?
February 15th, 2024
I need to complete my 2020 taxes and I never received a 1099 form from someone I did side work for, but I have receipts for cash payments. I also need to send proof of employment for PUA by Monday and I had my first sale on eBay last week. What should I do?
December 8th, 2023
Is it possible that a for-profit corporation that releases free content to receive tips/donations and pay tax on it as income?
April 2nd, 2023
I received two letters, one from the IRS and one from NY state, regarding adjustments to my tax refunds. The NY state letter adjusted my refund from $1448 to $189, and I want to know if there's a way to appeal this decision to get my full refund. The IRS letter states that my 2019 taxes were not fully paid, and I now owe them $1457. I need to know if there's a way to review and potentially correct my 2019 tax return to avoid this debt. What are my next steps?
April 22nd, 2023
What is a special needs trust, how is it viewed tax-wise, and what are the implications for beneficiaries who may not have special needs? Specifically, how does the trust's structure and tax treatment affect the beneficiary's access to funds and potential inheritance?
July 9th, 2023