asked
My wife was an employee with the New York Times and they are abolishing their pension program. She paid into the pension and is due a settlement. If she gets a check for the settlement amount, can we split this money in half and equally distribute it into both her and my Money Market IRAs to serve as our annual contributions? If so, will she incur a tax penalty for depositing half her money into my IRA or will there be no penalty because it was distributed into investments?
July 30th, 2023
As a regional salesperson living in NJ but traveling extensively outside the state, can I be exempt from paying taxes in NJ if I spend much time outside the state, and how do I claim this status or have my NJ income tax reduced?
August 14th, 2024
We sold some farm land this year and want to know about capital gains. We were told that you can file a one-time capital gains forgiveness. Is this true, and if it is, how do I find out about it?
October 29th, 2024
What is the IRS taking out of my federal tax check?
November 7th, 2023
I live in Georgia and want to purchase a vehicle from an Alabama resident. Do I have to pay taxes to the private seller?
March 7th, 2023
What is the best time of year to buy a car?
April 23rd, 2024