asked
I am deciding what investment account to pull from to invest in a 22-unit apartment complex, where funds will be used for purchase, maintenance, management fees, and renovations. I have various investment products ranging from a few years to almost 20 years of contributions, including an IRA rolled over from a 401K, a 401K, employee shares, and whole life insurance policies. What are the tax implications and potential penalties for each option?
December 19th, 2023
My wife and I both owned two primary homes, one in each state, and we lived in separate homes for a period. We've sold one and may sell the other soon. Can my wife use her $250k gain on sale exclusion for the home she lived in, and can I use my $250k gain on sale exclusion for the home I lived in, rather than only getting the $500k combined exclusion for both homes?
August 23rd, 2024
Why does a defined benefit plan closing in 2024 need to be restated to conform to 2025 regulations?
November 28th, 2023
I have an S Corp registered in Illinois but reside in California. I bought a 2022 Sprinter van for hauling goods across the USA. Should I register the vehicle under my name in California, or under the company's name in Illinois?
August 26th, 2023
Will the Disability Determination Office in my state deny my application for Disability if I told my doctor I was doing well? I have evidence from several different hospitals of my diagnosis of schizophrenia and having hallucinations but I was unsure on whether or not they would approve me. Could you help me?
May 13th, 2023
Can a return be filed for a new S-Corp formed on 11/9/23 with no bank account set up until 2024, indicating no activity?
May 10th, 2023