I am 63 years old and have an early retirement pension with taxes currently withheld. I am also employed full-time with a taxable salary. Can I stop paying taxes on my pension?

October 18th, 2024

A professional bike rider has asked our company for yearly sponsorship to help with his costs. How much can we claim for this sponsorship as a tax deduction?

April 6th, 2023

If I work as an independent contractor from India for a US company while my visa has expired, but I plan to return to the US shortly, which IRS form should I fill: W8-ECI, W8-BEN, or W9?

April 23rd, 2024

I am 27, engaged, and had our first baby in December. I make about $100,000 plus an additional $20,000 with per diem, and I collect $820 (50% military disability). My fiancée makes about $70,000 a year. We are trying to determine the best way to file taxes: together, separately, or individually. Who should claim the baby? Additionally, I used to file through H&R Block, but I've heard that individual tax professionals might get more money back. Should I file online, through an individual tax person, or continue with a service like H&R Block? Also, I am a contracted employee working in Louisiana but residing in Florida. Can I claim rent and other expenses related to this arrangement? Finally, I recently bought a used 2013 car that was a loaner from Mercedes. Can I claim this as a business expense, and how should I handle medical expenses and mileage deductions?

May 30th, 2024

As a pizza delivery driver, how should I report my tips and mileage deductions for tax purposes, considering I receive both cash and credit card tips, and my employer reimburses me for deliveries and other business trips?

January 12th, 2024