As a self-employed building contractor on Medicare, how much of my Medicare premiums and my wife's private health insurance premiums can we deduct under the self-employed health insurance deductions on line 29 of form 1040?

August 31st, 2023

We won a $200,000 settlement plus $170,000 in legal fees from a lawsuit due to real estate fraud. We are trying to buy a home and want to know if it's better to put 20% down ($116,000) or finance the home at 100% and invest the remaining money for future retirement, college savings, etc. Additionally, what are the tax implications of this type of settlement?

February 7th, 2024

Who can take your taxes?

May 13th, 2023

Can someone help me estimate what I would pay in Federal and State quarterly taxes as a partner of an LLC getting guaranteed payment of $150,000 per year? I am working in the state of Maine and my filing status is married filing jointly with one dependent under 17. My husband earns $40,000 from a W2 and has an estimated income of under $1,000 from a K1 (he is part of an S corp).

July 7th, 2023

Can I move inheritance money offshore to avoid high tax?

December 6th, 2023