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

I was suffering from depression and did not file my 2009 and 2010 tax forms, even though I was entitled to a refund. Is there any way I could recover those refunds? I am currently unemployed and the money would really come in handy.

February 24th, 2024

I received a letter from the IRS (Notice CP2501) stating there are over $100,000 in unreported income under my Social Security number, which was used by my illegal uncle for business purchases. What potential consequences could this situation lead to for both me and my uncle?

June 9th, 2024

My mother is 92 years old and I just cashed in a $60,000 annuity. How much will she have to pay in taxes? This is all going to be used to pay for her assisted living, and her only other income is her Social Security.

May 23rd, 2023