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I am being laid off from a high income job. I am eligible for unemployment. I don't know how to determine what I'll be paid in unemployment benefits. I am considering looking for a limited part time job - paying minimum wage. It will be very low pay. Does it make more sense for me to take a minimum wage job 15 hours a week just to have a job, or file for...
Submitted Feb 2, 2017
hello,,i have a structured annuity that pays me on a annual basis for the next 29 years..this is not a MSA payment,,it was set up by my previous employer for a work related accident..according to my ppwk,american gen annuity service corp is the owner..is there anyway i can sell this annuity for a lump sum??? i believe this is a temporary life annuity/structured...
Submitted Feb 10, 2017
Submitted Feb 28, 2017
I am Active Duty Army, stationed in Minnesota on Recruiter Duty. My wife and I filed taxes jointly for 2016. After filing we received a Certificate of Rent Paid. Our home of record is Florida, but I read that permanent residents of other states may still be able to claim Renters Property Tax Refund. We've only been living in MN for 120 days, the info booklet I found...
Submitted Jan 23, 2017
My wife has large company 401 k plan which she rec'd as part of her divorce settlement (QDRO) from her first husband. The assets (contributions) in the plan include three categories of funds: a) Befpre Tax b) After Tax c) Company Match (pre-tax) Two Questions: 1) My wife is 70 1/2 this year......when the required minimum distribution is calculated by the plan...
Submitted Jan 24, 2017
Does the benefit of having an RMD given directly to a 501 organization in order to avoid tax on the RMD amount apply also to a second owner of the IRA who is in his 40`s or 50`s?
Submitted Feb 13, 2017
I had a life insurance policy with Country Financial for $35,000. I had two loans on the policy totaling $5,269.33 and a net death benefit of $17,xxx roughly. I received a 1099-R showing a 2016 Taxable Income of $1,675.68 with $0 interest withheld for Federal or State. Do I have to claim this as income? If the policy has lapsed can I still make payments on the loan...
Submitted Feb 13, 2017
I own a small e-commerce business run out of my home. I want transfer operations of it to my son. Do I have to place a value on it for tax purposes and if so, how do I go about it? Thanks for any information you can give me.
Submitted Feb 24, 2017
I'm 56 yrs old, invested $250K in a 5yr fix annuity without knowing that I could not withdraw the funds before age 59 1/2 without penalty. Will I have to pay taxes when I start to withdraw the principal?
Submitted Feb 5, 2017
Well I guess I'm just looking for advice on taxes with the llc I formed. The business is in the social work field. I filed for the LLC with infile which gave me a free tax consultation. The CPA I spoke to suggested I use and S corporation and I wanted to verify that is the correct choice for my business. Or if you could point me in the direction of a good CPA or...
Submitted Feb 17, 2017