I was the beneficiary on my son's life insurance policy and had to pay tax on it. I thought life insurance proceeds were tax-free. Why did I have to pay tax on it, and what should I do about it?

September 19th, 2023

Why are S Corporations better than LLCs, and can an LLC elect to be taxed as an S Corporation when filing taxes? Isn't it significantly cheaper to just elect an LLC as an S Corporation?

October 23rd, 2024

How can I talk to an agent in the fraud department every time I call the number provided in the letter, as I keep encountering issues where no one is available to speak to me and I am told to call back later? Additionally, I received a letter stating that my claim of identity theft has been verified, and my brother has claimed me as a dependent, sending me money every month. I am now 85 years old and live on Social Security.

April 18th, 2024

I need to get my 1099 for 2022 because I didn't have a home address. How can I obtain a copy of my Social Security 1099 (SSA-1099) tax form?

September 23rd, 2024

I moved to the US from Canada in November 2022 on an H1-B visa. I am an Indian citizen but was living and working in Canada for the past 4 years. I want to move my cash from Canada. Can I check if there are any tax implications in Canada for the following scenarios: 1. Sending cash to my parents in India? 2. Sending cash to my own account in India, and then transferring to my parents? 3. Sending cash to my account in the US? 4. Transferring my shares from a broker in Canada to a broker in the US?

August 11th, 2024