asked
I am set to inherit $22,000.00, which I need to split 50%-50% with my brother. The money will be taxable for the 2015 tax year. Should the bank issuing the inheritance checks make 4 checks for $5,500.00 each or 2 checks for $11,000.00 each? How much should we set aside for both state and federal taxes?
February 2nd, 2023
Can legally married gay couples, including those recognized as domestic partners, file a Married Filing Jointly tax return?
June 8th, 2023
If I earn $1,600 monthly and claim 3 on my W4 form, how much taxes will be withheld approximately?
July 24th, 2024
Where can I find information on paying taxes for cheap cigarettes I bought over the internet? I live in Pennsylvania.
October 10th, 2023
My mother had put my name and my brother's name on her house deed in 12/01. She continued to live there until her death in February 2006, and we have just sold the house. Do we have to pay any kind of tax on this money or is this considered an inheritance?
January 6th, 2023
As a business owner of a C corporation, how can I pay my kids' private school tuition in a way that is advantageous in terms of lowering tax liabilities and maximizing pre-tax dollars, while keeping as much money for my family and less for the IRS? My wife is an officer of the corporation but does not take any income, and my kids are not employees of the corporation.
February 10th, 2023