asked
If a stock brokerage account is held jointly by a mother and daughter using the mother's social security number, and the mother is 98 years old, what happens to the step-up in basis at the time of the mother's death? Is it better to change the account to a revocable living trust or keep it as a joint tenancy with right of survivorship (JTWROS) for tax purposes?
April 21st, 2024
I am married in NYC and would like to ensure the correct amount of taxes is withheld from my paycheck to avoid underpaying. My gross pay is $2596.80 bi-weekly, and I prepared my W-4 (2017) by checking box 3 as Married and line 5 by claiming a total number of allowances of 2. I did not complete the deductions and adjustments worksheet (Page 2). I'm also Married and the only earner with no kids. Additionally, there was a system change in the accounting department, and I had discrepancies between my most recent paycheck and prior ones. What should I do to verify the correct withholding, including Federal, Social Security, Medicare, New York State, FLI, and SDI taxes?
August 20th, 2024
What is the income exclusion for marine merchants in California income tax for the tax years 2015 and 2016?
April 13th, 2023
What can I invest 3-5 thousand into hands off and make passive income on? Any suggestions?
March 23rd, 2023
A Vermont resident, now living in Germany on a work permit, is selling a property in Vermont. What are the withholding requirements for both Vermont and federal taxes?
August 19th, 2023
Do you have to pay taxes on the interest you get off tax liens?
October 4th, 2023