asked
I am trying to refinance my house and they are requesting my 2016 1040 pages 1 & 2. The copies I have don't show a page #1 only page #2. What does page #1 look like, is it the profit and loss from business (sole proprietorship) schedule C?
December 10th, 2024
Can a Nevada corporation, doing business in California, hire a California resident and not deduct the California state tax from the employee's check?
March 4th, 2024
If you are working overseas for several months while maintaining a residence in the United States, is your overseas income taxable? Please provide some guidance.
November 24th, 2023
I am trying to figure out what my tax bill will be for 2018. I want to make sure enough is being deducted from my paycheck and my wife's paycheck. My income is $225,000, married with one child in college, mortgage interest of $17,600, and no other significant deductions or income. How much should be withheld from our paychecks to avoid a large tax bill at the end of the year?
May 24th, 2023
A W2 shows $190,000 coded 12b V. Gross wages in block 1 is $900,000. When I do the 1040, do I ignore the $190,000 and report only the $900,000 on my Form 1040?
August 5th, 2024
If a senior couple were to have a significant gain on the sale of their home but were to roll it into the purchase of a new home, would they have to pay gains? The original purchase price was $300k, the sale price is $2.5m, and they will be purchasing a new home for roughly $2m. Additionally, can they carry over their original property tax based on the $300k purchase price despite the sale price of $2.5m and the new purchase price of $2m?
May 28th, 2024