As a general rule, the Tax Cuts and Jobs Act made non-taxable any alimony payments or spousal support payments received pursuant to a separation...

If he is paying you on a 1099, then you would report your earnings on Schedule C, as well as any expenses. However, if you are driving his...

I'm not specifically familiar with Illinois state law, but many states have an exception for gifts between family members.

If your wife executed a common law durable power of attorney before she became incompetent, you can attach a copy of it to IRS Form 2848 and fax it...

Estate assets will be depleted to pay the decedent's debts. If estate assets are insufficient, then the creditors will not be fully satisfied. ...

The fact that your daughter withdrew money from this 529 plan without first obtaining your permission is troubling. You are able to change the...

If you were paid $1,000 by the company, you should have received a 1099 from them at year end. The 1099 would have the amount that the company...

Agree with Mr. Cowan. If the previous CPA is not being responsive, you should write a letter to your state board of accountancy to file a...

If you wish to make a donation to charity for a very specific charitable purpose, consider working with a community foundation in your area. ...

In theory, YES. However, as a practical matter you might have serious problems with proof if you are ever audited. And because you are giving...

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