Where should a sole proprietor deduct their 401(k) contribution on their tax return, and can an employer over 64 years old contribute an additional amount based on a percentage match for their employees?

October 27th, 2024

I made $36,000 and have deductions for medical premiums and union dues. I received $3,600 from SSI from January to September. I have $400 a month taken out for taxes, $26.20 a month for medical, and $43.40 a month for union dues. Am I going to owe taxes because of the SSI? My dad suggested filing using the income tax averaging law. Can you tell me what would be best if I will owe, etc.?

January 29th, 2024

Can the government come after my home and money for my new husband's owed taxes, and will the life insurance policy left to me be taken to satisfy his debt?

October 1st, 2023

I filed for Chapter 13 bankruptcy in August and still can't make ends meet. I owe more on my house than it's worth. I have a first and second mortgage. If I foreclose, can they attach my wages? Can I drop the Chapter 13 and just work out a payment plan with my creditors?

July 13th, 2023

What would be the tax treatments if the interest was capitalized, would it still be a deductible expense?

September 13th, 2023