I discovered that I have erroneously neglected to file Schedule B with my 990-EZ tax return for several years. I have filed the 990-EZ and Schedule A, and all of the figures on these forms are correct. It's just that I didn't send in the Schedule B. What should I do?
May 12th, 2023
Hello, in NJ I became disabled at 57. I have a 401k and my question is whether I can take my 401k money without a penalty. I am just married and made $65,000.00 this year.
December 9th, 2024
What is the threshold for the federal estate tax to apply?
March 22nd, 2023
In an IRS installment plan, do they apply payments to the principal or interest first?
November 8th, 2024
If someone passes away with a last will and testament, are the beneficiaries subject to taxation on inherited financial assets (such as a checking account with $200,000+) or tangible assets (such as income tax or capital gains tax on selling an inherited home)?
December 21st, 2023
For tax planning at year-end, my husband and I both have sub S corporations where we are the sole employees. We contribute $19,500 each to our 401ks as employees. Is the employer contribution still limited to 25% of compensation for 2020, or can it be up to 100% of the employee's compensation with a total limit of $57k for both employee and employer contributions?
October 18th, 2023