I have a 50k loan at 5.75% payable over the next 5 years. I can now withdraw from my 401k without penalty, but I will have to pay taxes on the withdrawal. Should I withdraw and pay off the loan?

May 21st, 2023

If I owe over $14,000 to the government, would they accept payments of $100 a month? I am 57 years old, located in Pierce, Nebraska, have no dependents, and made around $14,000 this year. I haven't filed taxes for 2015, 2016, and 2020, and I'm considering options like getting my debt reduced to nothing through a lawyer or making monthly payments to the IRS.

February 22nd, 2024

I have not received my refund yet. How can that be?

June 6th, 2024

What are CA vouchers and IRD 2021 Estimated Tax payments, and what are the benefits and penalties associated with estimated tax payments for someone who files a combination of 1099 NEC and W2s as a self-employed individual?

May 31st, 2024

I sold my home for $495,000 and received a settlement check of $363,000 after paying off the mortgage, realtor fees, and other expenses. The home value was listed on the Inventory Form 1670 as $369,000. Should I list the sale of the home as a gain of $132,000 and include the mortgage payoff and other expenses under disbursements, or list it as a $6,000 loss based on the settlement check amount?

January 24th, 2024