Read Past Q&As
I am retiring from farming. I have $500,000 worth of equipment to sell. It is all depreciated out. I know that if I have a sale and get 500,00 , I will owe ordinary income tax on the whole amount plus my other income. Can I sell the equipment and buy investment property or equipment for 500,000 and not owe any income tax? Or is there anyway that I can sell this...
Submitted Apr 19, 2014
I started working in the USA in 2013. My wife an I have social security numbers. My kids don't have these (yet). How do I get these social security numbers?
Submitted Apr 16, 2014
How do I roll my 401k from an old company into a IRA? Is that easy to do with Fidelity or one of the other large companies? Thanks
Submitted Apr 14, 2014
HELP! 2 part question. I'm on disability, own a home but my son lives with me, cares for me and gets paid for it by the State of IL. He always files and claims me but can never use the property tax write off. Since I make about the same money he does can I file and claim him and my house taxes too?
Submitted Apr 13, 2014
Submitted Apr 11, 2014
Hi, I am a single mom recently out of a long term relationship and have very little money saved. My future budget-once I am on my own will leave my with $200 a month to save. Do you have any sugestions on the best (and fastest) way to build my savings with such a minimal amount? Thank you, Desperate
Submitted Mar 30, 2014
Hi I have a question about my private insurance disability long term benefits. My benefits were paid for by me 100% with zero participation by my employer, but they did take out the premiums before tax. This small savings seemingly has left me on the hook for thousands in fed income tax, unless I have been filing wrong. Is my disability paid 100% by me?
Submitted Apr 15, 2014
I'm 17 and turning 18 in a few days and when I was younger one of my parents died. My mother has been receiving SS money for me and due to my status as a full time student I will continue to receive money past 18. The check that came in the mail had my name on it, her name appeared no where on it. She doesn't want me to have access to the money for awhile so she is...
Submitted Apr 14, 2014
I am a 25 year old single woman with no dependents. I make about $26,000.00 per year as a Paralegal. I am a college graduate with some post graduate education (no post graduate degree) so that means I have about $42,000.00 in student loan debt. I also currently have $1,000.00 in credit card debt. I live alone, but I can barely afford it. With my income, I am barely...
Submitted Apr 10, 2014
Submitted Mar 12, 2014