My mother is deceased and was a member of the Walmart Class action suit in PA. We received a check made out to her, including wages, settlement award, and interest. The check was reissued to myself and my two sisters as her beneficiaries. When the check was in her name, it included a W2 for the earnings and a 1099INT for the interest. After reissuing, we each received a check without any tax information. Is the $1255.44 we received each taxable income, and if so, do we report the full amount as a 1099 Misc or just the interest portion?

April 12th, 2024

What are the tax and insurance obligations for freelancers in Bulgaria?

December 23rd, 2023

If I have a total of $100,000 in tax-deferred IRA and 401k money, can I convert $25,000 of it to a ROTH IRA, and what are the tax implications?

July 21st, 2023

On Form [/topics-form/] OMB No. 0960-0101, there is a question asking if the surviving spouse was entitled to a monthly benefit [/topics-benefit/] on the same earnings record as the deceased at the time of death. What does 'earnings record' mean?

August 18th, 2024

I received a letter from the city of Philadelphia regarding a school tax. It mentions that they received information from the IRS about unearned income such as dividends, interest, and other income. I'm unsure about this school tax and whether I should have paid it, as all my income from work is already taxed.

February 22nd, 2024