Read Past Q&As
When I questioned my State Farm agent (finally) about why my homeowners policy assumed that the personal property in a $324,000 home would be covered to $243,000, I got some gobbledegook to the effect that it was a standard assumption and couldn't be tinkered with without raising other bundled insurance costs. Even though I pointed out that $243,000 was a totally...
Submitted May 23, 2016
can i sell my home (value at least $220,00)that is paid in full to my married daughter for a small amount of money(let's say $1000)and no tax issues for them or me.
Submitted May 14, 2016
For whatever reason I can't find a competent CPA to answer what should be an easy answer to a question I have about the exercising, holding, and selling stock options and how they impact carry over loss from prior years. Understand I am not looking for ANY tax advice I simply want a legal answer that is not subjective. Why is it so hard to find someone to answer...
Submitted Apr 14, 2016
I am a full-time student and am 19. I am currently a dependent under my mother. With that, am I able to file exemption from with-holding? I did the math and would most likely make $8,600 this year (which would be over the standard deduction). Yet, I don't know if it would be better to simply pay back money, or to have it with-held and hope for a better return? Any...
Submitted Jun 4, 2016
Submitted May 22, 2016
Submitted May 23, 2016
I have my son's college education fully funded with a 529 plan and he will not qualify for financial aid based on my income. However, his academic performance has not been great, and I want him to have some skin in the game by paying for his next semester. If he gets a certain GPA, I will pay off the loan. What is the best way for him to get a loan in his name,...
Submitted May 31, 2016
I currently have an HSA through my work. I know that money is pre taxed money. If I create extra income during the year and put it in the HSA, for medical purposes, does that money become a tax deduction at the end of the year?
Submitted Jun 1, 2016
I am the executrix of my mother's will. Her only assets were 3 life insurance policy's and an annuity. The beneficiaries were listed as my siblings (by name). Do I have to disclose to my brother who the beneficiaries were; or can I just send him his portion as specified in the will. In fact, do I even have to tell him the name of the life insurance company?
Submitted May 20, 2016