asked
I received a handwritten $1,667 check as part of a settlement for unauthorized cutting of trees on property owned by my late grandfather. I didn't get a receipt and can't contact the person in charge. Can I claim the $1,667 as additional income?
September 10th, 2024
I want to reduce my Federal/State Exemption from 10 to 4. How much more taxes would I pay for this?
December 23rd, 2023
I would like to stop my rental contract. One week ago the landlord said I have to pay for 1 additional month, now he said I have to pay for 4 additional months if I want to get out of the rent. Does the contract have to say exactly how much I have to pay as a penalty?
September 18th, 2024
If a taxpayer does not close on a real estate contract and forfeits the down payment on a condo intended for investment purposes, is the lost deposit an ordinary loss or a capital loss?
April 25th, 2023
I support my daughter for college and all expenses. She also helps me with my business. She has no income, and my tax bracket is 22%. Is it beneficial to shift income to her instead?
April 19th, 2024
Where should a sole proprietor deduct their 401(k) contribution on their tax return, and can an employer over 64 years old contribute an additional amount based on a percentage match for their employees?
October 27th, 2024