If an employee pays for term life insurance through his company and is also a shareholder in an S Corp, is the premium considered post-tax? How does this affect his wages, and is it treated similarly to S-Corp health insurance, where it is only subject to Federal withholding but not Social Security or Medicare?

April 25th, 2024

I have a client who has a business with 10 MUSD revenue. This business has a DBA with about 2 MUSD revenue. The client wants to separate the business under DBA (with 2 MUSD revenue) into a separate business under a different entity with different owners but related. Should I use a buy/sell approach in this scenario?

October 26th, 2024

Do we need to file a tax return for the Sanders Family Trust 077-172-173, which has money invested in a portfolio with NZFunds and is charged adviser fees of $1034.39 this financial year, especially since no distribution has been made and the funds are intended to stay in the trust for future use or inheritance?

June 28th, 2024

I am 48 years old and make 130k a year. If I stop working now, when can I start getting social security money and how much?

May 21st, 2024

I am an expat living in Peru. Apparently, HR Block has received notice of two payments which I have already paid, but supposedly I have until August 8th to pay. The IRS does not recognize two payments made via Bank of America with the Direct Pay system. Two of the payments are principal plus interest, and one is interest alone. All principal amounts have been paid. What should I do to resolve this issue?

December 29th, 2023