I began claiming Social Security benefits in June 2021. In August 2021, my benefits were reduced by 50% due to the Windfall Elimination. I will receive a German Pension in June 2022, and my Full Retirement Age (FRA) is November 2022. I am currently residing in Germany and facing difficulties contacting the US Consulate and SSA due to Covid. The SSA referred me to the IRS, which also did not respond. I am considering using the Totalization Agreement to transfer my German Retirement to Social Security. Should I request a 'Do Over' and pay back the $6,000 I've already received, then wait until I'm 70 to refile a claim?

October 1st, 2024

I bought a property for vacation rental in August and it requires significant renovations, which will be completed this spring. I haven't had any rental income yet. How do I report the renovation expenses from 2020? Should I use Schedule C showing no income, or is there another method?

May 3rd, 2023

If I found out that my ex-spouse has been in arrears on child support since 2019 and I am the custodial parent with the children living with me full time, am I entitled to claim both kids and file an amended return for both years? Should I amend my returns for 2019 and 2020 and then sign a Form 8332 to release my claim to the non-custodial parent?

September 10th, 2023

As the treasurer of St. Andrew the Apostle Orthodox Church, I need to understand how to report the pastor's income on Form 1099NEC. The pastor is paid as an independent contractor, and the parish contributes to his 401(k) plan and LTD/Life insurance policy. Additionally, parishioners have donated to reimburse his graduate school tuition. How should these contributions and reimbursements be reported on his 1099NEC?

March 23rd, 2023

I am a married farmer with a spouse who has W-2 income. How should I file our taxes, and do we need to file a 1065 or any other specific forms like Schedule F or Schedule C?

October 6th, 2024