asked
The business I am bookkeeping for received money from family and friends to help start the business. These people are not owners and do not expect the money back. Should this be booked as 'Other Income'?
August 16th, 2024
The company I work for just opened ESOP options for us. I know nothing about stock options. What do I need to know before making my decision?
June 2nd, 2023
I report my income on the 1040 using a K1 from an S corp. Can I deduct my personal health insurance expenses on Schedule 1, page 2, line 17, for self-employed health insurance on the 1040?
June 8th, 2023
I want to sell my bank stock worth about $500k. I plan to sell in smaller amounts to avoid a high tax bracket. Does this matter, or will only the capital gains tax be relevant? I acquired some of the stock 20 years ago and the rest through inheritance 4 years ago. I am retired with a lower income of about $80k with my husband.
May 7th, 2024
If I claim my father on my taxes, do I add his SSI or disability benefits to my gross income?
August 29th, 2023
I paid off my IRS debt at the end of April, but I am still getting $200 taken from my checking account monthly. How can I stop this deduction and ensure my account is updated correctly?
January 18th, 2023