Read Past Q&As
Although I am retired, I am a sculptor and wish to gift 50% of profits from a specific work to an organization to help raise funds and awareness. How will the profits from the sale of this work be taxed in Oregon. If it depends on setting up a type of business as a tax shelter verses operating as a sole proprietor out of a home-based studio, please advise how I can...
Submitted May 31, 2016
Hello, I recently just started self employment and wanted to see if I could get a bit of information on how the tax and deductions work for us freelancers. I may look for an accountant down the road, but answers to these questions would help tremendously. - Do I have to file quarterly during my first year of self employment or will I file at the end of year...
Submitted Jun 3, 2016
My brother died of AIDS in 1993 or 94 in Dallas Texas, he was employed at Union Jacks in Dallas. He went on disability some months prior to his death but I believe before that the company's health and life insurance canceled all of the AIDS patients that worked there. Was this legal? I believe he had a policy of 10K thank you for your help
Submitted Jun 24, 2016
I want to improve my credit score with the intent of purchasing a house. I have 5000 in credit card debt and 90000 in student loans, only 1000 in savings. After 3 years of college and 2 years of practice in medicine, I am finally becoming financially stable--meaning steady biweekly income and being able to pay my monthly bills. If I have $500-1000 extra a...
Submitted Jun 22, 2016
When receiving SS retirement benefits before your Full Retirement Age, benefits are reduced by earnings over a certain amount. If federal income taxes are filed jointly with a younger spouse who has not yet claimed retirement benefits, will the joint earnings or only those of the retired person be used to determine the reduction in benefits?
Submitted Jul 4, 2016
Our son wants to buy our overhead door business and then immediately sell it to a group of investors. My questions are do we have to get a business valuation before selling to our son and can we sell it to him at a lower value? Or should we just sell our business directly to the group of investors? We are 69 and plan to retire need year.
Submitted Jun 15, 2016
Is there a program or spreadsheet available, that will allow me to input all of our total monthly payments, as well as the payoff on each. Then show senarios, if we pay extra each month to pay off a credit card, then a student loan, then our house? Basically I want to know if we pay $800 extra a month toward each one until it is paid off, how long will it take us to...
Submitted Jun 21, 2016
I would like to purchase my first home 2017 and would like to know besides not having any credit card debt. How does student loans affect your chances if you have federal loans and sallie Mae student loans. Do I have to pay Sallie Mae's loan off first because it is an outside student loan?
Submitted Jun 21, 2016
which is better to have over all? Calif. uniform statutory power of attorney or Calif. general durable power of attorney for retired couple, 1 of which has cancer.
Submitted Jun 23, 2016
My husband passed away 2 years ago. Our house was titled as jointly and I have continued to live in and make payments to mortgage company. The mortgage was in his name only and bank didn't add my name to mortgage at his passing so I am not getting credit for all mortgage payments nor does it show on my credit report. Should I be concerned about this or just leave it...
Submitted Jun 29, 2016