I’m considering either putting 401k funds on hold or into a money market fund. No money is being paid into the 401k right now. So the dip is not actively being bought. I recognize inflation will be killing the $ long term if I keep it in one of those listed options long term. However, if I put the investments “on the side” for a few months… what’s the better option? On hold for a few months or putting into a money market fund (which will not have tax implications).

December 31st, 2023

I have a new Colorado LLC (Partnership) that does not generate income. Do I need to file Federal form 1065?

October 27th, 2023

A benefit fund was opened at a local bank for the sole purpose of holding funds raised for a young man in need of a wheelchair lift or van for transportation. It is not a trust account. Is this money taxable?

September 10th, 2023

I have websites for virtual currencies for online games and these websites are not registered under any company or real business. With significant income coming into my bank account, if they suspect I am money laundering, can the statements from PayPal and other payment options be used as evidence of selling these digital items?

December 18th, 2024

Can a person use what taxes they have paid into Social Security & FICA as a "Cost of contract" or as "Cost Basis" to reduce reportable benefits received on form SSA-1099?

January 6th, 2023