asked
My son has raised his 5-year-old daughter since 2010. The mother is out of the picture but will not sign any papers allowing him to claim income tax refunds for daycare, etc. What other options does he have to receive full income tax refunds for raising his daughter? He is married and they are a true family in every sense of the word. He has tried contacting Revenue Canada but has not received satisfactory solutions.
April 1st, 2024
I moved $13000 in after-tax money to a Traditional IRA in early 2016, representing contributions for 2015 and 2016, and then converted all of this money to a Roth IRA. I have learned that Roth conversions should ideally be done within the calendar year. I received a 1099-R with a $13000 distribution and am unsure how to handle this on my tax forms, specifically Form 8606, and if there are any penalties or additional forms I need to fill out.
December 17th, 2024
My daughter and I live together. She works and has 2 children. Her yearly income is about $15,000. Could I combine our incomes and file our taxes together?
January 9th, 2024
I have lost my 2006 W2 for one of the three jobs I held in 2006. What should I do?
July 22nd, 2024
Can I give my brother $12K and have him give my daughter $12K too, after already giving my daughter $12K this year?
October 21st, 2024
I am facing Chapter 7 bankruptcy and have several rental properties in foreclosure that I am trying to short sell. Will I end up in debt with the IRS for debt relief income even though the sales will be a loss?
September 28th, 2024