asked
I received a phone call stating I have an appointment today at 10:30 am with a social security representative. I never requested an appointment, and no location was given. I am currently 79 years old, retired, and receiving a pension from the federal government, but I did not have enough credits to get any payments from social security. Is this a scam, and what should I do?
May 29th, 2024
I am the trustee of an Irrevocable Trust and have already completed the 2021 return and issued K1s to all beneficiaries. I have recently sold all assets inside the trust and wish to close the trust out and complete a final return. How do I proceed?
February 27th, 2024
My company merged with a larger company in 2019, and I had stock in my original company. E*Trade's 1099-B indicated a $60,000 gain, which the IRS later reduced to $40,000. I did not sell any stock; it was a simple merger. How can there be a taxable event when I did nothing, and my company was just bought out by a larger company?
August 26th, 2024
If I made over $250k in capital gains from selling my primary residence and plan to purchase a new primary residence, do I still have to pay capital gains tax? Additionally, if I gift $15k to each of my two children for their primary residence, do I have to pay additional tax on that gift?
February 17th, 2024
We are a business consulting firm headquartered in Tokyo, Japan, planning to start a business with real estate brokers in Hawaii by referring buyers from Japan to them and receiving referral fees. Do we need to pay sales tax to the state of Hawaii, and how does this apply if we don't have a physical presence in Hawaii and receive our commission in Japanese Yen?
June 27th, 2024
I'm 55 years old and have a 403b with NYLife through a public school. I'm still working at the school. I want to surrender my 403b and withdraw the money, but I'm told it's not possible without meeting certain requirements. Can I roll it over into an IRA for easier access, and what would be the tax implications?
November 21st, 2023