I took a $40,000 withdrawal from my 401k to use as a down payment on my primary residence. My taxes due for that withdrawal came to $16k for Federal and $6k for State. I currently have a payment plan but am considering filing for bankruptcy. Can I get my payoff for Federal/State taxes lowered?

December 26th, 2023

Can I deduct expenses such as hotel, food, gas for moving my daughter to college out of state, and her rent and other expenses for tax year 2017?

February 13th, 2024

I own a rental property with my (still) husband, but he has been awarded 100% control and management by a court order. I have not received any profits from the property for years. He was recently awarded all the accrued income to pay for his tax attorney, totaling over $75k. Since there is a court order and he has received all the income, do I have to file itemized deductions on my tax return when I have not benefited or been a part of the property for years? Why should I have to file 50% community income/debts when I've not been a part?

June 5th, 2024

I have income from 2014 from August onwards and want to set up a business entity to deduct all payroll expenses and have all medical expenses paid for with before-tax dollars. My business is currently a Home Health Care Worker, which could potentially become an agency later. What type of business entity should I choose?

June 13th, 2023

If a tax advocate closes my case, will I still receive my refund for the 2017 tax year, especially if I don't have the necessary W-2s because the company no longer exists?

April 3rd, 2024