How can someone mitigate the fallout from collecting Pandemic Unemployment Assistance for 2020 while also receiving a six-figure 1099 MISC for the same year? Can the 1099 be reissued to a company, and can an S Corp or LLC be formed prior to filing 2020 taxes?

June 2nd, 2023

I was audited and received a letter stating I need more proof for my kids, but I only have their social security cards. I am located in Rocky Mount, VA, I am 28-29 years old, I file single, and my tax return is $9,136. What should I do to complete my taxes?

July 7th, 2024

My husband's company is ending their pension plan. He is 60 years old, still working, and fully vested in the plan. He has a one-time opportunity to take the pension as a lump sum (and roll it into an IRA to avoid taxes) or set it up as an annuity with an insurance company. We are unsure whether to take the lump sum or the annuity. How should we evaluate these two options?

March 29th, 2024

I am a contract worker earning $2100.00 bi-weekly with no taxes or Social Security held out. How much should I save back to pay my taxes quarterly, given that I am married filing jointly with one child and located in Gurdon, Arkansas?

June 16th, 2023

I am an Indian citizen with PR in Canada and an H1-B visa for the USA. In 2019, I filed as a non-resident in Canada and a resident in the USA. In 2020, I spent 9 months in Canada and 3 months in the USA, working for a US company paid in US dollars. I also have investments in Canada generating passive income. How do I avoid double taxation, and which country's tax return should I file first?

February 25th, 2024