In rental income, which line does child support courts look at when determining income? When depreciation is added back, does the entire amount get added back as income? If depreciation amounts to 20k and the person makes 3k net, do they say it’s 23k income? Are the deductions of property tax, healthcare, and repairs added as deductions after adding in depreciation?

May 30th, 2024

I inherited an IRA from my mother and want to move it to another financial advisor. Should I cash it out as a lump sum or take it over the 10-year period? Additionally, I want to know the tax implications for taking it out as a lump sum while living in California.

January 26th, 2023

My husband and I are both 1099 contractors and recently got married. I need to update my health insurance status through the marketplace, which may affect my tax credit. My husband files his taxes as a sole proprietor with a DBA. If we file jointly, will my income be added to his DBA income, and will it affect his business reporting?

July 17th, 2023

I am trying to find an IRS refund supposedly sent to my financial firm. I am located in Wilmington, DE, 74 years old, with no dependents, and made approximately $150,000 this year. How can I locate my refund?

October 17th, 2023

We haven't received our amended tax refund yet. We e-filed on March 31st and have not been able to access our account online. The last time I spoke to someone, they said it was processed. What should we do to track the status of our amended return and what additional information should we provide?

August 21st, 2023