A CPA company hasn't had anyone on payroll for three years. If a salaried person is paid in stock on August 15th, when are the payroll taxes/statement due? Is the company late, and is this a significant issue if no payroll taxes were withheld?

September 11th, 2024

I earn $164,000.00 a year and will receive a bonus of $472,000.00 this year. My employer allows me to spread the bonus over the next three years. What is the best way to take this bonus, and is there a way for part of it to be deposited into a retirement account before taxes?

September 20th, 2024

How do I determine the cost or other basis for a house inherited and sold in 2014 to input on Form 8949, Section 1, Part (e)?

July 28th, 2023

How should the family trust created by the decedent's predeceased spouse be reported on the decedent's estate tax return (Form 706), specifically on Schedule F, given that the decedent was only entitled to income and principal distributions under an ascertainable standard?

March 10th, 2023

I am eligible for a voluntary termination package at my company and have questions about how the lump sum payment affects my taxes. Specifically, I want to know how rolling the lump sum into an IRA or taking it as a cash distribution impacts my tax situation, including any potential penalties.

August 23rd, 2024