asked
I want to add my girlfriend to my home's title so she can make the property tax payment and claim the federal deduction, which will be more beneficial to her. I own the home outright. Can we do this by granting a minimal share of the home to avoid a large transfer tax, and do I need to file a quitclaim deed to put her on the title?
August 17th, 2023
Can I use my second IRA to fund the amount removed from the first IRA and gain myself another 60 days if my house does not sell within the initial 60-day period?
April 1st, 2024
I have a Tax Sheltered Annuity (TSA-1) through my former employer, Caldwell County Schools, in N.C. I recently accepted a job in another school system more than 100 miles away. Can I withdraw the entire sum ($9,072.20) now without having any money withheld for taxes or penalties? I do not like the company (ING - Realastar Life Insurance Company) and wish to select my own company in which to deposit the funds. I would like a check made payable to me in the full amount of $9,072.20 and I will deposit it in an acceptable retirement plan myself within a reasonable period of time. Don't I have the right to do that? Isn't there a certain period of time in which it must be deposited in order to avoid a penalty and not have any taxes withheld now? I simply want all of the money now! Thank you!
January 29th, 2024
I have a construction company that after 33 years did not make it. It has a 4 million NOL and I want to sell it. Can I and how?
December 17th, 2024
I received an ICO Rejects team FSPC letter for the taxes I filed for my deceased mom. The letter doesn't specify what else they need, and it mentions not to respond with a Form 1040X Amended U.S. Individual Income Tax Return. What should I do to resolve this issue?
October 31st, 2024
As a resident alien domiciled in a community property country, can I treat my nonresident alien spouse as a U.S. resident for tax purposes and file a married filing jointly (MFJ) tax return using community property rules? If so, how should we allocate our income and file Form 8958?
October 20th, 2023