I own my primary residence and am considering purchasing a boat to live and travel on the weekends. Might the interest payments on the boat be considered those towards a second home and possibly be applied to my gross income before being taxed, similar to the interest payments on my home?

April 3rd, 2024

I received a 1099-Misc from a law firm for settlement proceeds from a class action lawsuit against our developer within our housing development. The proceeds were net of all lawyer and expert fees and are earmarked for fixing faulty construction on the house. I believe these funds are not taxable as they are to repair damages. How should I report this if it is not taxable, and how do I handle this in TurboTax, which defaults to taxable for all lawsuit settlements?

May 13th, 2024

Does a Single Member Georgia LLC have to file any other form for filing taxes other than a 1040 and a Georgia form 500 for the state?

March 8th, 2024

I need help with tax matters, specifically reporting payments to nonresident foreign contractors for the tax year 2021. What forms are necessary, and how should I handle the TIN and account number for payments made via Payoneer?

July 24th, 2024

When will I receive my Social Security payments if my birthday is on ***** and I am 65 years old on disability?

September 14th, 2023