Elizabeth B. asked
If a real estate property valued at $1.5 million will be inherited by one of the children in a family through a revocable trust, does that property get applied to the $5.45 million lifetime gift and estate tax exemption?
August 26th, 2024
Katie S. answered
Yes, the property would be included in the value of the estate for purposes of the lifetime exemptio...
August 26th, 2024
Create an account to view answers and interact with the community!
On line 5a of the 941 form, we had 4 employees in July, 3 in August, and 2 in September. QuickBooks filled out the form showing 2 employees, but I feel it should be 4. What number should I put on line 5a of the 941 form?
January 13th, 2023
As a resident alien domiciled in a community property country, can I use community property rules when filing a married filing jointly (MFJ) tax return with my nonresident alien spouse who has an ITIN? If so, how should we allocate our income and file Form 8958?
July 4th, 2023
We are thinking of selling our home to raise money for retirement. We have lived at the home for over 40 years. Would we owe the government capital gains tax or any other such taxes?
February 4th, 2023
I need to pay the balance of $62,730.65 on my chapter 13. I have $89,474.16 in my 401k. I plan to cash out my 401k to pay the balance. I am 58 years old, my 401k is in 'pending retirement' status due to job layoff. What would be the amount left after the penalty and federal and state taxes?
January 28th, 2024
How can I transfer money from my S corporation into my personal account after payroll?
August 30th, 2023