Can you confirm if my understandings regarding taxation of dividends and withdrawals in brokerage accounts, Roth IRAs, and Traditional IRAs are correct? Specifically, I want to know: 1) Are dividends in a non-retirement brokerage account taxable in the year they are paid, regardless of whether they are reinvested or liquidated? 2) Are Roth IRA dividends and withdrawals tax-free? 3) Are Traditional IRA dividends tax-free, with taxation only applying to withdrawals?

July 27th, 2023

I have a problem with the NY state portion of my tax return filed online with TurboTax. It shows adjusted income as $108,688 and an adjustment subtraction of $108,688, resulting in an amount to be taxed by NY of $0. I must have filled something in wrong and I don’t know how to correct it.

September 9th, 2023

I have not received my 2022 state tax refund. When I check the status, it says 'we cannot provide any information.' I have called the state tax agency and received the same message. My accountant filed my taxes electronically on March 9, 2022, and I received my federal refund but not my state refund. What should I do to resolve this issue?

May 25th, 2024

How long do I need to wait to get a 1099-C form for debt relief?

December 11th, 2023

How should I enter a $180K distribution on the K-1 of a partner who is also a partner in another partnership, when working on the 1065 of that partnership? Should it be entered as cash contributed by each partner of the partnership, and how does this affect the balance sheet and capital accounts?

January 27th, 2023