asked
I divorced in 2015 and receive SSI income, alimony, and a distribution from my ex-husband's 401k. I am on permanent disability and do not work. The distribution has increased my income and resulted in higher taxes. I am unsure about the best type of IRA to open to reduce my tax burden. Should I open a traditional IRA and transfer all the money, or just contribute annually? What options do I have to lower my taxes in this situation?
March 18th, 2024
I had a short sale on a rental property. Reading Pub 4681, it appears I may not need to include the cancellation of debt on 1099-C in my income. Is that correct?
September 27th, 2024
When I sell my rental property and purchase a second home, does the section 1013 rule apply, or will I have to pay capital gains tax?
June 3rd, 2024
I took early retirement at age 62 and will be 66 this year. How much can I earn if I start working in June without facing a penalty, and when can I earn unlimited funds without a penalty?
December 4th, 2024
How do I change my tax withheld, and what steps should I take to do so?
December 17th, 2023
If I incorporate my business and have no profit during the year, do I need to pay any fees or taxes?
November 26th, 2023