asked
What is the absolute ceiling for an individual to borrow money from another individual in Ontario, Canada? Are there any specific requirements and procedures? Does the lender or borrower need to pay taxes on the amount? If the amount is larger, can it be considered as a gift, and will taxes apply in that case?
August 10th, 2023
When filing taxes for an LLC partnership with foreign-source income, how should the income be reported to the IRS, and what forms are necessary?
July 3rd, 2023
I am looking to buy a property in Spain as an investment and rent it out. I understand that I will have to pay 19% tax on the profits in Spain. I live in the Netherlands. Will I have to pay tax in the Netherlands also?
October 14th, 2024
Can they take 10% out of my social security benefits to reduce tax liability?
October 27th, 2023
I am seeking guidance on tax planning for 2024. I am located in California, 54 years old, married filing jointly, with two dependents. My typical income is around $180K. I am looking to maximize my retirement contributions while minimizing my taxes. Specifically, I want to understand if contributing to a SEP-IRA or a Solo 401(k) would be more beneficial, and how my contributions might affect my IRA deductions. Additionally, I am considering whether it would be more beneficial to pay for my health insurance premiums through my S-Corp rather than individually.
October 21st, 2024
I am a senior whose husband passed away in 2022. I had our taxes completed by a CPA that year, but I'm trying to do my taxes on my own for 2023. I have Social Security income, a small pension with a taxable amount, and made many donations. I also have a dependent's VA income. How do I complete my taxes, and is the dependent's VA income taxable?
November 18th, 2024