We have 30+ employees and offer full-time employees health insurance. A single employee close to 65 wants to continue working but sign up for Medicare and drop employer insurance. They want the company to reimburse them for their out-of-pocket Medicare expenses. What is the best way to handle this?

October 15th, 2024

We sold a home in 2015 and sold the adjoining 38 acres of undeveloped land in 2018. The sale of the land was contingent on the buyers selling their home first. Will these sales have to be filed with the IRS, and if so, how should they be reported?

July 14th, 2024

Is it a good idea to spend down or give away my $62K IRA to avoid it going to a nursing home? I don't think I will need a nursing home for more than 6/7 years. Could I use it to pay down debt or draw more every month?

June 17th, 2023

I entered into a contract to sell 5 acres of land in Utah. The contract provided earnest money subject to a due diligence period, which was released in 2018. The contract expires in 2018, and I expect it to be exercised. How should I treat the earnest money received in 2018 on my tax return?

February 28th, 2024

We withdrew $140,000 from our 401k to pay for land and a home. At 20% withholding, how much more will we be responsible for in income tax, given that we file Married Filing Jointly and earn approximately $65,000 from employment?

June 2nd, 2024