asked
If I have a total of $100,000 in tax-deferred IRA and 401k money, can I convert $25,000 of it to a ROTH IRA, and what are the tax implications?
July 21st, 2023
On Form [/topics-form/] OMB No. 0960-0101, there is a question asking if the surviving spouse was entitled to a monthly benefit [/topics-benefit/] on the same earnings record as the deceased at the time of death. What does 'earnings record' mean?
August 18th, 2024
I received a letter from the city of Philadelphia regarding a school tax. It mentions that they received information from the IRS about unearned income such as dividends, interest, and other income. I'm unsure about this school tax and whether I should have paid it, as all my income from work is already taxed.
February 22nd, 2024
What income sources from my various activities are taxable, and how should I report them on my tax return? Specifically, I earn income from purchasing items for companies at a profit, using discounted gift cards, cashback sites, selling miles, credit card cash rewards, and store mail-in rebates. Additionally, I have returned items to a store without receiving credit, and I am unsure how to handle this loss. Should I register as a business, and if so, what type? How much taxable income do I need to make to be required to file a tax return? Can my dad still claim me as a dependent if I am not required to file?
August 25th, 2023
What are your fees, and how should I account for a rental property loss on my taxes if I spend more on the property than I earn from renters?
June 10th, 2024
I'm filling out 1099 forms for a couple of employees who worked for my boss. The forms are straightforward, but do I need to send one copy to the State of California?
December 11th, 2024