I would like to stop my rental contract. One week ago the landlord said I have to pay for 1 additional month, now he said I have to pay for 4 additional months if I want to get out of the rent. Does the contract have to say exactly how much I have to pay as a penalty?

September 18th, 2024

If a taxpayer does not close on a real estate contract and forfeits the down payment on a condo intended for investment purposes, is the lost deposit an ordinary loss or a capital loss?

April 25th, 2023

I support my daughter for college and all expenses. She also helps me with my business. She has no income, and my tax bracket is 22%. Is it beneficial to shift income to her instead?

April 19th, 2024

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