asked
I moved $13000 in after-tax money to a Traditional IRA in early 2016, representing contributions for 2015 and 2016, and then converted all of this money to a Roth IRA. I have learned that Roth conversions should ideally be done within the calendar year. I received a 1099-R with a $13000 distribution and am unsure how to handle this on my tax forms, specifically Form 8606, and if there are any penalties or additional forms I need to fill out.
December 17th, 2024
My daughter and I live together. She works and has 2 children. Her yearly income is about $15,000. Could I combine our incomes and file our taxes together?
January 9th, 2024
I have lost my 2006 W2 for one of the three jobs I held in 2006. What should I do?
July 22nd, 2024
Can I give my brother $12K and have him give my daughter $12K too, after already giving my daughter $12K this year?
October 21st, 2024
I am facing Chapter 7 bankruptcy and have several rental properties in foreclosure that I am trying to short sell. Will I end up in debt with the IRS for debt relief income even though the sales will be a loss?
September 28th, 2024
I need to obtain proof for the IRS of my car being inspected for the years of 2003 and 2004. I did not save the receipts when I paid for the inspection. The IRS auditor is holding this against me, telling me that I owe $2,500! Just because I do not have the receipts from the gas station. How do I obtain a record of proof of inspection for those years? I live in New York.
August 19th, 2023