As a W-2 employee with a side job earning 1099 income, am I required to pay self-employment taxes on the 1099 income, and is there a cap on this tax if the combined total of W-2 and 1099 income reaches the Social Security withholding cap?

June 3rd, 2024

I have invested in ETFs and receive dividends on a monthly basis, which are reinvested (on DRIP). However, the price of my ETFs has gone down more than the total dividends I have received this year. Do I still need to pay taxes on the dividends?

May 14th, 2023

Wilber Associates is asking me to pay $19,000 for a car accident I was involved in while on a student visa in the USA. I don't have insurance, a car, or any property in the USA. The court removed the insurance violation and I only paid a fine for a traffic violation. What should I do about this debt, and could filing for bankruptcy affect me in the future?

February 7th, 2023

I have a direct deposit account for my Social Security benefits, but I need to change the account number due to a scam. How can I update my direct deposit information with the Social Security Administration?

April 29th, 2024

As an online tutor receiving cash or direct deposits with no W-2 or 1099, how do I go about paying taxes on that income? I plan to keep a log of all my income and expenses. What are the next steps, and how should I classify and document my expenses?

October 16th, 2023