asked
I wanted to get a $400,000 loan from a rich guy I know, and I wouldn't have to pay him back for 15 years. I would pay him back in increments of 25% of the loan per year and an additional $20,000 after the full amount is paid off. I am going to school currently and starting a renewable energy business, and he wants to help me focus on getting everything done by relieving me of my immediate financial burdens so I can focus on the goals at hand. My question is what amount of this money will the government consider if my bank account suddenly has $400,000 in it?
November 18th, 2024
I received my tax refund check last week. I opened a personal account at Bank Atlantic to deposit the check, but they placed a hold on the account and asked for my HUD-1 from the closing. My refund was for the first-time homebuyer credit. Is this a normal procedure?
September 26th, 2024
Can I submit the receipts for my pet medication through my flexible spending account if it's 'human' medication, just for a dog?
August 24th, 2024
I make $65,000 a year, my wife doesn't work, and we have three children, one of whom was born this year. I currently average about $5,500 back on my taxes due to the high amount of interest I pay on my mortgage. I want more money on my paycheck every two weeks instead of getting a big tax return. How can I adjust my W-4 allowances to achieve this?
January 6th, 2024
I had a DBA and a single 401k and borrowed money. The DBA is no longer and it is time to requalify for the single 401k. Can I form an LLC and transfer the single 401k so it allows me more time to pay the money back and avoid the taxes?
June 20th, 2023
I am required by the IRS to file a form 433f for collection purposes for taxes from pre-2007. I was single until Feb. of 2007. I was married in Feb. 2007 and will be filing as "married but filing separately" for 2007 taxes. Do I have to provide my spouse's information, payroll stubs, credit cards, and debts on the Form 433F, if she was not a party to the pre-2007 taxes? Does this make her wages/debts subject to inclusion in the calculation of the amount that IRS will bill to recover my back taxes?
May 3rd, 2023