asked
We have a small business and my husband, a licensed contractor, made significantly more money in the last few months of the year than expected, resulting in a higher tax liability. We are looking for ways to decrease our taxable income by the April deadline, such as contributing to an HSA, SEP, or utilizing Section 179 for a new truck purchase. What general advice can you provide?
September 7th, 2024
Can I claim legal expenses due to a court case, interest fees, and any other bank fees/transactions on my joint tax return as a W2 and A-Corp business owner?
July 30th, 2024
A friend has left us a house in her will. One of the documents is a revocable deed transfer which specifically states that no excise taxes will be due. When we sell the house, will we owe the IRS any capital gains tax?
August 13th, 2023
I have submitted my federal tax return. I received a $600 check in October 2022 from my previous employer for retro pay, which I believe is for 2021 or before. I retired on 9/30/21 and have not worked since. I received a W2 for this in 2022. Do I need to file an amended return?
July 19th, 2023
I want to buy an investment property in NH (currently living in MA). Dave Ramsey’s calculator says I qualify for a home that is max $98,000. Should I buy a home at this price, fix it, and then move into it later? It will cost $850 a month.
September 10th, 2024
I need to get my IP pin number. Where are you currently located? How old are you? Do you have any dependents? What is your typical filing status? Do you know roughly what you made this year?
August 8th, 2023