Can I take an expense deduction for the fees that I pay to Fidelity to manage my 401k Rollover Plan, if I direct them to take the fees directly out of my 401k account?

November 8th, 2023

I need to know what to claim for my charitable contributions (such as clothing to Salvation Army).

January 7th, 2023

If my SS taxable benefit is $17,392 and my taxable income from self-employment is $13,374, what is the percentage/liability my SS is taxed at and my income liability taxed at or estimated taxes owed total?

August 16th, 2024

I lived in NYC from January-April and my wife worked in NYC the entire year. Her W2 shows NYC wages, which is roughly a third of her total wages. When we file the NY part-year return, do I need to allocate my NJ and NY wages to NYC while we were living in NYC? For example, if I made 100K, do I need to allocate about 33K to NYC since I earned that money while I was a NYC resident?

January 4th, 2023

My son works as a waiter in a burger restaurant where he reports tips on his W-2 but is required to 'tip out' the bartenders and bussers, usually about 5% of his tips. Is he supposed to pay tax on the total amount, and can he list the 'tipped out' amount as a business expense? If so, what records are required?

August 24th, 2024