My husband is on long-term care Medicaid, and I am on his employer retirement health insurance. If he were to come home, he would no longer have Medicaid. I am unsure whether to opt out of Medicare Part D. What should I consider before making a decision?

April 2nd, 2024

My husband cashed out his retirement in 2022 and we purchased a piece of land with part of it. Is this tax deductible?

October 10th, 2023

How do you switch from an accrual basis to a cash basis for tax filing, and what are the requirements and implications for doing so?

July 18th, 2023

My business was set up in Wyoming, but my physical location and business transactions are shipped from Florida. It is an online business. For tax purposes, do I use my Wyoming address or my Florida address or both?

April 1st, 2023

I plan to buy an investment house to save on taxes. My income is above $150k a year. I want to confirm that my passive losses on the property will not be deducted from my W2 income and will be suspended until I sell the property or have passive income. Is there a way to make passive losses from investment property be considered active for my personal tax deductions, possibly by creating a company that owns the house or through another method?

January 1st, 2023