asked
I received a lawsuit settlement from a previous employer and was told to pay only Federal Taxes. Now, the state of CA is assessing an additional $2,939.39. Did I make a mistake by following the lawyer and company's advice? Should I have claimed it on my CA taxes? They want me to pay this amount, but I'm not in a position to do so. If I offer my savings of $1,800, would they consider it paid in full?
September 28th, 2024
Do I have to file taxes if I am 75.5 years old, single, and my only income is Social Security benefits of $19,342.80, with a potential part-time job income?
September 2nd, 2023
As a retired New York State teacher receiving a pension from NYSTRS and owning a home on Long Island, while living in an apartment in New York City, how are my New York City taxes computed?
April 24th, 2023
We are a small business that paid a lot in income taxes this year, with most of our profits going to taxes. We have about 14 employees and work for one company with plants all over. What can we do to reduce our tax burden? Can we buy houses to fix up and resell, put money in an IRA, or make other investments to help?
September 14th, 2024
Who has to pay federal tax? Where is the law? When was it passed if it ever was? Is there a law on the books anywhere?
January 18th, 2024
Does a first-time homebuyer of their principal residence have to pay penalties on withdrawing funds from their 401k retirement plan to help pay for the downpayment and closing costs?
October 17th, 2024