asked
I am turning 65 in January 2019 and have applied for Medicare Part A and Part B online. My permanent address is in Kansas City, MO, but I am temporarily living in Durham, NC due to medical issues related to a car accident. When filling out Part B, I entered my Kansas City address as my mailing address but was unsure how to answer the question 'Are you living at this address?' I contacted the Social Security Administration (SSA) and received conflicting advice on whether to use my Kansas City or Durham address for my current place of residence. This decision affects my ability to obtain Part D and Medigap coverage. I am concerned about how changing my address on the SSA website might affect my legal state of residence, including tax obligations, voting, driver's license, and license plates. How should I handle my address for Medicare purposes, and will changing my address on the SSA website affect my IRS status or state residency requirements?
December 24th, 2023
I noticed a $48.00 deduction from my checking account on approximately August 28th, but I have not used PayPal. I tried to change my password around the date of the deduction, which is the only activity I recall. What could be the reason for this deduction?
December 8th, 2024
I am filling out form 9297 for an installment agreement with the IRS. The revenue officer requested 3 home equity loan applications and denial letters to prove I can't get the money to pay the tax debt. I applied at 3 banks and received 3 denial letters, but only have 1 complete application due to banks deleting rejected applications. Was it legal for the revenue officer to request 3 applications, and if they ask for 2 more, should I consider filing a taxpayer appeal due to the potential further damage to my credit rating?
May 19th, 2023
I am a consultant with my own S corp. My wife is starting an at-home business and I want to avoid self-employment taxes for her. Can I add her to my company and file a DBA for her business? I would then pay her a salary, and my payroll company would deduct taxes. Is this correct, and is it the best way to avoid self-employment taxes, or are there benefits to her setting up her own LLC or corporation?
May 6th, 2024
What are the capital gain tax consequences of selling stock in the name of a revocable trust, which is under a special needs trust, and using the stock proceeds to purchase a home in the name of the revocable trust?
July 29th, 2023
For an S corporation filing Form 1120S with gross receipts/assets under $250,000, is Schedule M-2 required even though TurboTax business program does not calculate it?
March 11th, 2024