Can I pay my 15-year-old and 18-year-old children for working on my business, and what are the tax implications for each? Specifically, I want to know if I can pay my 15-year-old up to $12,950 tax-free and without FICA taxes, and how to handle payroll and FICA taxes for my 18-year-old.

June 14th, 2023

Can I still file my 2021 taxes if my parents claimed me as a dependent on their taxes for 2021, and how would that affect them? Also, if I file a paper return, how long would the process take, and am I going to have to pay any fines for filing late if my income for 2021 was $0?

April 18th, 2024

What does a line of business mean in the context of health insurance, and what does it mean when they say payers set up a new line of business?

April 2nd, 2024

I never received any stimulus checks. How can I collect them?

October 8th, 2024

I'm legally married but my husband doesn't live with me. My child lives with me, and I provide 100% of the support. My husband gets Social Security Disability, and I'm his representative payee. His social security money goes directly to his rent, and I contribute to his electric bill. He lives with his girlfriend. Can I file as head of household without listing my husband on my taxes?

January 21st, 2024