I forgot to report a foreign gift of more than $100,000 that I received in 2019. I did not report it before April 15th this year. What can I do, and will I still get a penalty from the IRS due to late filing?
April 21st, 2023
I need assistance filling out Form 8962 for ObamaCare. I did not receive a letter from the IRS, and I am unsure how to proceed without completing this form. Did I receive Form 1095-A, and how do I obtain the necessary tax software to produce Form 8962?
November 9th, 2024
Sebastian paid $3,500 in interest to Merrill Lynch for borrowing to purchase taxable investments. His investment income for the year is $3,000, consisting of interest income and short-term capital gains. His investment expenses total $600, consisting of advisory fees. What is Sebastian’s investment interest deduction on Schedule A?
May 23rd, 2024
Can I claim my girlfriend and my baby as dependents on my taxes if they are covered under someone else's health insurance, and can I claim myself if I am also on my mom's health insurance?
January 10th, 2023
I recently joined a job in the US as a student on F1 OPT. My family (dependent wife and 2 kids) are outside the US, and my wife is not working. What should my marital status be on the W4 form: Head of household, Married filing jointly, Single, or Married filing separately?
February 2nd, 2024
I received an out-of-state job offer in Secaucus, NJ while living in Nashville, TN. The employer has an SDCP plan, and I want to know how that plan helps me save taxes, especially since NJ has a significant state income tax component. Additionally, I am looking for services to review job offers and provide guidance on the right levers to pull for tax planning purposes.
July 14th, 2024