asked
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
Can I apply for Social Security benefits from my first husband, given that I am currently 76 years old, retired at 70, have been receiving Social Security for six years, have worked in the last 10 years, and have other sources of income? I also receive minimal retirement funds from 2006 and partial retirement funds in 2016 after the death of my second husband.
July 27th, 2024