Read Past Q&As
Submitted Feb 20, 2014
Hello, my name is Denise 44 years young, married and 70,000 in debt. My husband, Michael, is self-employed. And together we brought home approximately 25,000 last year. My husband has not filed his taxes since 2008.I have been filing married filing seperate. My question is should we file bankruptcy? And if so which one? We own nothing. Currently we are living with...
Submitted Feb 10, 2014
Hi, I hope you can offer some advice. I recently had a death in the family and am the beneficiary of a life insurance policy in which I received a lump sum payment. This was several months ago. I elected to have 10% of the taxable income amount withheld? But, I now understand that life insurance proceeds are not taxable. This happened in the State of New York and...
Submitted Feb 2, 2014
I know someone that was renting a home did not have renters insurance but the house he was renting caught on fire because of a wood stove and he lost his wife and 4 dogs and 1 bird. What are his options? Is he entitled in compensation for the death of his wife through the home owners insurance?
Submitted Feb 5, 2014
I am 63 yr old female residing in New Hampshire but I have been working in Massachusetts for the past 7 years. In 2013, I took a distribution of almost $28,000 from a Vanguard account that included the roll over funds from money earned while working in NH. I realize that I need to add $28K as income on my Federal taxes. I will also complete a Mass Form 1 NR...
Submitted Feb 13, 2014
In December of 2013, my wife received a distribution of ~$70K from her deceased Father's trust based in Louisiana (effectively, the trust was dissolved, in that all the monies were divided and distributed to the respective receipents). Is this distribution of trust money to us considered income to my wife and I who are married filing joint living in Georgia?
Submitted Feb 26, 2014
Can I claim home office use for a room solely used for piano teaching to my students which also includes a computer and printer for invoicing plus a telephone I use to contact my clients?
Submitted Feb 27, 2014
i won 25000 playing a game online called gamehouse casino. its not an actual gambling game. it doesnt cost anything to play. no taxes were taken out of the check and i need to know how to claim it. can i use gambling debt against taxes i owe on it and approx how much will i owe?
Submitted Oct 3, 2013
Hello, I am not even sure am I asking on a right place, but I''ll give it a try. Thank you very much in advance. I was given opportunity to teach on-line course for Portland State University. I am citizen of Republic of Serbia, living in Serbia, - can I work for US University? Do I need to obtain some special permit or something like that? I used to come to...
Submitted Oct 4, 2013
I have bought a new van for about $43K in October 2012. I took a loan for 3.99% for 6 years. My monthly payment is $665. I started paying extra few months back. Now I have about $30K left on the loan. I have about $80K in my emergency fund. Should I pay off the Van? Or just keep paying $1,000 extra? Thanks for your time.
Submitted Oct 6, 2013