asked
My Dad, who is on Medicare/Medicaid, disability benefits, and social security, wants my two aunts to give me a tax-free gift of $13,000 each from a trust fund they control, which I would then deposit in a bank account for him to use with a debit card. Is this arrangement legal?
May 23rd, 2023
I am unable to contribute financially at this time. The IRS won't investigate from NYC as to why someone else filed children under my mom's custody.
March 1st, 2023
My stepdaughter lives with my wife and I 12 months of the year. Her mother and father were not married. Can he claim her even though she does not live with him? Also, what action do I need to take if he already has claimed her?
March 14th, 2024
Who is the richest country in the world?
November 2nd, 2024
I reside in Oregon and received backpay and a W2 from my former employer in Arizona, where taxes were withheld. I need to list two W2s on my 1040 federal return. However, it appears Oregon will not allow me a tax credit for taxes paid in Arizona, requiring me to pay taxes on W2 wages from Arizona. Is this true, and if so, how should I handle this to avoid double taxation?
May 24th, 2024
My father is selling his business and will be giving me a one-time gift of $250,000. What amount of taxes will he and I have to pay?
November 17th, 2023