My husband and I formed a 2-partner LLC in New Jersey to vend an energy product. What forms does an LLC have to file?

October 18th, 2023

I am on short-term disability and will go on long-term disability in May. I need to know how much tax to take out of my LTD payments of $1247.40.

November 9th, 2023

I have an HSA through HealthEquity Corporate that was set up for medical expenses for my wife and I when I retired last June. My employer deposited $7,900 into this account last spring, as I was told that was the pre-tax max that could be deposited. As of Dec. 31, 2018, our balance after paying some medical expenses was $7,286.28. When working on my taxes through Turbo Tax, this notice came up: 'It looks like Timothy has an excess contribution of $7,900. This amount is being taxed an extra 6%. But, anything withdrawn between January 1 and April 15, 2019 avoids this additional tax.' Why am I getting this message from Turbo Tax, and how do I handle this situation?

July 23rd, 2024

How do I know if I owe the IRS taxes?

December 18th, 2024

I am a massage therapist and I purchased a washer and dryer that I use at home to wash my linens for my business. Can I use them as a tax deduction?

August 3rd, 2024