Generally, what percentage is paid on Miscellaneous income reported on a 1099?

April 11th, 2023

A grocery store worker banged a cargo cart into my car. The grocery store agreed to pay the damages to my auto body shop. They want me to fill out a W9 form for the money they are paying under Sarbanes-Oxley Law. Am I liable for taxes on this money? What is this law? The check is being made out to the auto body shop and me jointly, which seems unusual.

October 13th, 2024

How many times can you go exempt on your paycheck (meaning no federal taxes are withheld) before having to pay in at the end of the year?

February 18th, 2023

For New York State, if I win a settlement in court (it is a landlord-tenant issue), is that money taxable (either Federal or City/State)?

September 15th, 2023

Can I write off a portion of my clothes as a business deduction, and is there a comprehensive book that lists every tax deduction a business can legally take?

February 5th, 2024