In an IRS installment plan, do they apply payments to the principal or interest first?
November 8th, 2024
If someone passes away with a last will and testament, are the beneficiaries subject to taxation on inherited financial assets (such as a checking account with $200,000+) or tangible assets (such as income tax or capital gains tax on selling an inherited home)?
December 21st, 2023
For tax planning at year-end, my husband and I both have sub S corporations where we are the sole employees. We contribute $19,500 each to our 401ks as employees. Is the employer contribution still limited to 25% of compensation for 2020, or can it be up to 100% of the employee's compensation with a total limit of $57k for both employee and employer contributions?
October 18th, 2023
I want to make a payment online. I am located in Clovis, CA 93611, I am 75 years old with no dependents, my typical filing status is single, and I made around $123K this year. Is there anything else you need to know before I proceed?
August 5th, 2024
I am a Texas resident working for a company in Louisiana. Since March due to Covid, I am having Louisiana taxes taken out of my check, even though I am in Texas 100% of the time. Should they be continuing to take out Louisiana state tax?
August 9th, 2024
I currently own a 23-year old long-term stock investment fund that specializes in value investing, but now I’m looking to branch into quant trading because things have slowed down. I understand that quant funds find anomalies in the market with historical data and models and exploit them. However, I’m trying to understand if these anomalies are very specific or very simple. I’m finding strategies that worked for a long time, but they are extremely specific to every exact number like leverage, position size, time interval, correlations, and so many other factors making the strategy so particular. Is that a bad thing? Or no matter how specific the strategy is, it’s good as long as it worked over time? And perhaps better when more specific so it’s harder for competitors to find? So the main question is: Do these funds generally find very complicated anomalies that are hard to find, or they need to be as simple as possible to make them less random?
April 1st, 2024