asked
I did not receive my $600 stimulus check. How do I inform the IRS of my correct banking information, and how can I ensure they have the correct information for the $1400 stimulus check?
November 17th, 2024
I started an IT consulting business as a sole proprietor in 2016. My wife helps with office work, but I didn't make her an employee or run payroll for her in 2016. This means she couldn't contribute the $18K employee contribution to her solo 401K for 2016. My question is about 2017 and beyond. If I find a permanent job as a W2 employee starting April 2017, and my business earns $30K in Q1 of 2017 but nothing from April to December, can I run payroll for my wife in 2017 and pay her $20K so she can save $18K as an employee contribution in her solo 401K? Also, if the business earns no money in 2018 but I keep it open and continue running payroll to pay my wife $20K annually, can she save $18K in her solo 401K without it being risky? What about the following years? My goal is to maximize our retirement savings and reduce tax obligations.
October 7th, 2024
I have a traditional IRA with a significant loss and would like to convert it to a Roth IRA. Would I have to pay taxes on the transfer to a Roth IRA?
November 22nd, 2024
Rick, you worked with me in the past regarding “Yellow Sticky Notes” and possibly scan numbers. I need your help with my personal taxes. Do you remember me, Angela?
September 19th, 2023
My mother passed away in 2019, and her taxes were done in July 2020. I am the Trustee of her Revocable Trust. The tax preparer forgot to include her 'Date of Death' and report 2019 as 'Final Return for Taxpayer' on form 1040, so he sent form 1040-X to state that information. As of 3/2/21, I have not received her Federal Tax Refund. I checked 'Where's My Amended Return' and was told to call them. When I called, I was eventually told they needed form 1310, which the tax preparer had already sent in. In reviewing my copy of form 1310, the preparer did not have me sign my copy. So, when I send them a copy of this, do I sign as 'Personal Representative' or 'Trustee' since she had a TRUST? Also, do I date it today's date, or the original date it was prepared?
October 2nd, 2024
I need a copy of my W2 since I didn't get it from my employer. I have emailed them but received no answer. What should I do?
March 17th, 2023