I have a 41-year-old son who is disabled and receives SSI and Medicaid. He rents a room in my apartment and covers our Con-Edison bill. His SSI income is very small, and I cover all additional expenses like therapies, clothing, transportation, and food. I would like to know how declaring him as a dependent would affect me. Would it affect me or would he lose his SSI and Medicaid?

May 28th, 2023

I am planning to withdraw money from my 401K to pay off debt. I understand that taxes and penalties apply. My application shows how much federal tax is being withheld, but not state tax (Kentucky). How will this affect my taxes when I file next year?

November 11th, 2023

I sold the company stocks of CH2MHill, an engineering company headquartered in Denver, during its merger with Jacobs in 2017. CH2MHill had businesses worldwide. I am trying to determine if the capital gain from the sale of CH2MHill stock qualifies for the Colorado Capital Gain Subtraction, which excludes capital gains earned from real or tangible personal property located in Colorado.

October 14th, 2024

My elderly parents have a Social Security income of $17,000 per year and also receive $5,000 per month from an annuity created from the sale of their primary residence. They currently live in an Assisted Living facility. Do they need to file an income tax return?

January 14th, 2024

I have a client, a husband and wife, who had a failed adoption last year. Even though they did not get the child, are the expenses they incurred still deductible?

January 15th, 2023