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We have a family farm run under an LLC which received a state grant to trial some innovative agricultural practices. A portion of the grant was used to by capital equp that is depreciated. When filling out our irs 1065 form we include it as other income on the sch F but does the grant money count as self employed income when reporting SE income on 1065 line 14a?
Submitted Apr 10, 2016
I dont know where to find out my husbands ssi bernifits and if he had any assets /probate ...wills ..after he passed .he was a navel solider got his papers and i dont know how to get other info for the remainder of my life to plan and take care of my self iam disable at 54 and working 3 hrs a day its not enough know and i got some time to invest i think i do can u...
Submitted Apr 8, 2016
Submitted Mar 25, 2016
It seems that solo 401(K) plan documents are primarily boilerplate / fil-in-the-blank templates. Yet, firms charge between $ 600 and $ 1200 to provide these documents. Do you know of a more cost-efficient way to set up such a plan? Thank You. Steve
Submitted Apr 4, 2016
My father signed the title to his home to me 6 yrs ago but remained living in home . He has moved and told me to sell if I wanted to. So I recently sold the home an need to know if I need to report this on next yr taxes
Submitted Mar 28, 2016
my daughter turned 21 in December, i want to start a mutual fund or some investment tool to get her started and interested in investing. what would you recommend? thanks bill
Submitted Apr 1, 2016
Submitted Mar 30, 2016
I recently purchased a Single Payment Whole Life Insurance Contract/MEC. If I cancel this policy and take the surrender value (no interest, no dividends) will I owe income tax on the surrender value. The surrender value is the exact dollar amount I paid for the contract.
Submitted Mar 30, 2016
recently i sold 2 term life insurance policies and am wondering if Federal Income Tax will apply as i have a type of cancer that has no cure. If so what would be the rate and can I deduct all medical bills paid , Thanks Gary Thorne
Submitted Mar 29, 2016
I was made soul beneficiary of my sisters policy, she passed 2/25/16, I never seen the policy, but was told by my nephew. the policy is 10 years old, non contestable., my nephew has given the insurance company my point of contact as his address, and has added his niece on the policy as contingent on 2/1/16, is this legal,? my sister has brain cancer and couldn't talk...
Submitted Mar 26, 2016