Will my Social Security overpayment affect my estranged wife's Social Security payments if she plans to file for benefits at 65 based on her own work record?

September 13th, 2024

When selling a house for $200,000 but having to pay off a $80,000 mortgage, how should the selling price be reported for tax purposes, and where should the mortgage repayment be entered on tax forms?

September 20th, 2023

I received two 1099-R forms from different companies for the same amount of approximately $19,000, resulting in being taxed for $38,000 instead of $19,000. I retired from General Electric Healthcare in 2020 and had a pension plan through them. In 2023, GE Healthcare transferred my retirement account balance to me, and I attempted to roll it over into a traditional IRA. However, due to the minimum amount required to open an IRA annuity, I had to cancel the annuity and received a refund with federal tax withheld. Now, I am taxed for both the original amount and the annuity amount. How can I avoid being taxed for both amounts on my federal income tax form?

January 22nd, 2024

Is it true that we don’t have to pay taxes on our Social Security income in NY state as of 2024?

October 29th, 2023

As an F1 student and non-resident alien, I am currently doing an internship at a company with CPT authorization, being paid as a 1099 independent contractor without any withholdings. How should I pay my taxes, quarterly or yearly?

October 7th, 2024