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Overwhelming Debt Crisis. I have over 53K in unsecured debt ( credit cards and personal loans), back taxes of 6k, and operating expenses per month of over 6 k. I feel like I can't get out of debt and see only 2 options: Increase multiple streams of income or debt settlement/bankruptcy. What can I do?
Submitted May 2, 2016
Hello Jason - I have a client whose father died and left and her 3 siblings N/Q annuities to be shared equally. The carrier siad something about deferring the payout 5 years for some reason. Could she roll over to a new N/Q annuity with tax free exchange or is there another strategy you would suggest, Jason? Thank you! Frank Varvaris
Submitted May 5, 2016
In 2015, I bought an investment property, a single family home to rent out. What can I deduct (as an Expense for CY 2015) from the settlement statement? (I saw a similar question regarding a primary residence, but don't know if the IRS rules are the same.) Thanks much, David
Submitted May 6, 2016
Can a non qualified annuity be gifted over a three year period so that the donor can take advantage of the annual gift exclusion?
Submitted Apr 13, 2016
Hello! I am self employed. I am in the market of getting my own health insurance plan (just turned 26). In doing my research, I read that I could deduct my premiums on my taxes. I also have come across the exception saying, "You cannot deduct your health coverage premiums if you were eligible for a group plan through your or your spouse’s employer."...
Submitted Apr 26, 2016
how much a month is disability and accidental insurance for a small semi truck business with only 1 employee/owner
Submitted May 4, 2016
I got divorced in Dec of 2015. I gave notice to my job within 30 days for life change events. They stopped the medical insurance premiums for him; but not a life insurance premium for him. It was one of those things that I was going to get to; but didn't. He was also my beneficiary in all my benefits; and I hadn't changed that. Unfortunately, he recently passed...
Submitted May 6, 2016
I am planning to work as a teacher in the UAE from August 2016 to June 2017. How will this affect my tax income returns or filing for it.
Submitted Apr 18, 2016
Hello, what are financial challenges people in their 20's face and why? And how do they overcome them? And if you can provide references and people to talk (like one on one) to that would also be helpful.
Submitted Apr 16, 2016