My wife occasionally works for a friend, receiving payments and gifts for her photography hobby. We have no records of her income from these transactions, which were mostly in cash. How should we account for this income on her tax return, especially since we don't have exact records and she doesn't consider this a business?

August 11th, 2023

How do I start buying something online without using PayPal or making a phone call?

May 21st, 2023

If it's been longer than 1 year but less than 2, what could be our taxes?

April 14th, 2023

I am trying to prepare my taxes using Deluxe Online software and am unable to enter my 1099R information. The program locks up and will not let me enter the info. What can I do to resolve this issue?

March 17th, 2023

I cashed in a 1099-R in the amount of $26,421. I am 79 years old. Will I have to pay more than the regular percentage on these taxes since I withdrew all the funds? The entire amount I received with monthly benefits was $29,733.72, and $496.80 was taken out for Federal taxes and $132.48 for State taxes. They did not take taxes out of the $26,441.00 that I received in a lump sum. I usually got all of what I paid in back as I only have two small retirement checks and Social Security.

February 7th, 2024