asked
My brother purchased $100,000 in gold collector coins in April 2021. Is this reported to the IRS? Is this taxable now or in the future if the price of gold goes up and the coins are sold?
April 7th, 2024
Where is my stimulus check? I am 71 years old, married filing jointly, and made $148,000 this year. Do I qualify for the stimulus check?
October 11th, 2024
I became a W2 employee in May 2020. Prior to that, I was receiving income through my incorporated business, which was not accounted for in my tax return. How do I include that income in my tax return?
October 30th, 2023
I need an extension to pay taxes. Is there a reasonable cause required for filing late, and what are the steps to get an extension?
April 26th, 2023
I have a new bank account and the IRS needs my new account information. I am located in Sacramento, CA, I am 79 years old with no dependents, and my typical filing status and income for 2021 should be the same as last year, which was $25,747. My new bank account is with Wells Fargo, with routing number ###-##-#### and account number (###) ###-####. What should I do to update my bank account information with the IRS?
June 21st, 2024
I am deciding between investing in a Roth 401k vs a taxable brokerage account after maxing out my 401k. I understand that a Roth 401k offers tax-free growth and flexibility, but I am unsure if it's strictly better than a taxable brokerage account for non-retirement purposes like saving for a home purchase or child expenses. Is my understanding accurate, and can I use a Roth 401k for these purposes?
May 23rd, 2024