Technically your employer is supposed to follow the W-4 you signed or IRS instructions if a lock-in letter is issued. There isn't really a monetary...

Am I responsible for paying taxes on a Student Loan I co-signed on and has now been settled for cents on the dollar??

And what is his tax person's authority for this statement? Cosigners generally don't have cancellation of debt for settled debts. Consult a local...

Federal refunds can be intercepted for federal debts, past due child support, state taxes, and student loans. State debts are not part of the...

If you are referring to the principal residence exclusion, then yes, some or all of the gain would be excluded from income tax if you meet the...

Can my mom nephew and sister get In trouble if they used a social security number without permission.

Yes. You will have to paper file your return. You may want to see a CPA or Enrolled Agent

Home office work expenses tax deductible?

The TCJA eliminated deductions for unreimbursed employee business expenses. Some states do not conform and still allow you to deduct them. See a...

Do I need to buy a designated laptop, cell phone, etc. for my new SMLLC?

Your accountant would need to break down personal and business usage for both in filing your return. It is best that you have separate computer and...

It depends on your other income in the year in question. Some of your benefits may be taxable if you have income over a certain amount. See a...

I was recently nominated and got job sec/treasurer on volunteer fire dept after taking job and looking into things we don't hav

Your organization should have an EIN. You can call the IRS Exempt Organiztion help line. or look online at Select Check to determine what the...

The primary restriction on an H4 visa is a prohibition on US employment. There is no restriction on opening brokerage accounts or buying and...