asked
I withdrew $50,000 from my deferred comp account in early 2010 after retiring in November 2009. I paid a 20% tax on that amount. Even though I already paid taxes on that amount, is it counted as part of my total earnings for the year and taxed again?
August 30th, 2024
A friend of mine worked a little bit in a job and made around $1800, with $185 in Federal Insurance Contributions Act (FICA) taxes. Are they required to file a tax return with that amount of money made?
January 5th, 2024
I have always worked an office job and being a single parent, entitled to the earned income credit, have always gotten back around $4,000 - $5,000 back during income season time. As of Jan 2019 I solely started driving for Uber, Lyft and Instacart and make between $1,700 & $1,800 a month doing that and I'm trying to determine how much I'll owe the IRS for this coming tax season in 2020. I'm a little worried.
September 20th, 2024
My husband, born in 1924, and I, born in 1940, both started collecting Social Security at age 65. He paid the maximum in taxes throughout his life, but he receives $200 less per month than I do. We are trying to understand why and what steps we can take to address this discrepancy.
January 20th, 2023
If a C-Corporation's only income and expenses are from 1099-Div, 1099-Int, and 1099-Bs, and it is owned by a single shareholder, would this corporation be taxed as a Personal Holding Company?
August 27th, 2024
I need to transfer some amount from abroad and need to know the tax consequences. Have you talked to a tax professional about this?
October 18th, 2023