A couple I know were recently divorced, but since they were still married on 12/31/2023, their settlement agreement requires them to file a joint tax return for 2023 and to split any refund or costs...
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Beginning January 1, 2024 to the Tax Cuts and Jobs Act, provisions of which affect 2018 and later, there are fewer instances in which mileage is deductible. The miscellaneous itemized deduction for...
Seeing this quite a bit lately, and with the recession looming, there may be fewer W2 and more 1099 jobs in the future, and those currently on W2 may be converted to 1099 type. Since this is about...
Marketwatch has an article about new rules making reverse mortgages more attractive: "The new math on reverse mortgages" . If so, I wonder at what age and conditions it almost becomes a must? They...
Are you missing settings or transactions? You are not clear. You state you see your reconciled transactions but not your "to be accepted" transactions. You say you don't see "the history of my paid...
Hello, I use QuickBooks Premier Edition 2006 to create my invoices. In doing so, I like to have the date of the invoice match the actual date of the work performed or delivery date of the product...
So here is my question in detail. I have created a spreadsheet that analyses two loans versus one. The first is my straight 30 year note at 3.875. By paying the $1200 extra each month it will be paid...
I have a Roth IRA and a 401k (actually it's a 457 because it's with the government but let's just call it a 401k) - not a Roth 401k, just a regular 401k. When I retire, can I rollover/convert my 401k...
In 2020 OP (over age 55) went to his former employer to ask for a large distribution from his 401(k) plan. The employer was in the middle of merging with another company, so they did not respond to...
Husband and I have a LLC which is run from our home. We have a dedicated room that is 100% used as an office. Desk, Printer, phone etc. Can we as a couple get reimbursed by the LLC for the expenses of...
We relocated to another state. Our plan was to rent out our home in the former State. But because it needed repair/remodeling we could not rent it out immediately. The remodeling/repairs will take a...
Hello everyone, I had this discussion with my CPA a while ago, we can't seem to agree. An individual has domestic (US) and foreign earned income. Let's say 90% US and 10% foreign. The foreign country,...
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