asked
If my husband does not have a job, can I add him as a dependent? For the IT-2104 form, do I qualify for earned income credit? How does adding dependents on my state and NYC W4 form affect my future social security retirement benefits when I turn 65? What is the difference between getting a refund at the end of the year and getting less taxes withheld from NYC and the state? If any individual can add any number of dependents to their W4 and state form to get less tax withheld from their paycheck, what is the maximum limit of how many dependents they can add?
May 19th, 2024
As a used car dealer in North Carolina, we are required to collect 3% Highway Use Tax (Sales Tax) for every vehicle sold. Are there any other sales taxes we need to pay, and do we still have to pay sales tax for vehicles sold since November 2018?
November 12th, 2023
My company wants to establish a trust for a retiring employee to fund his significant medical expenses. At what point does the employee pay taxes: upon the funding of the trust or when he receives the benefits?
June 25th, 2023
I have a 457 deferred plan and am approaching 70 1/2 but intend to continue working for 2-4 years. Am I required to take minimum required distributions (RMDs) and can I continue to defer pay to the plan?
May 17th, 2024
Hello, I have a tax question. My employer is withholding 40% of my moving bonus for tax purposes. I understand that the IRS says supplemental income should be taxed at either 22% or added to my net income, which does not qualify for the 40% bracket. I would like to know if I'm eligible for a tax rebate on the bonus.
June 26th, 2023
I have a 401k from my former employer. Should I do a direct rollover into a Roth IRA? What would be the best strategy in this situation?
June 21st, 2023