Q&A
Asked by an anonymous user
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Anonymously. Certainly, we can help you with that. We have several folks with these in our PE&VC (Private Equity & Venture Capital) group. There are 2 types an...
Q&A
Asked by Yuli
Answered by Cynthia Williamson
CPA in Overland Park, KS
Hi Yuli. As a student you are probably used to taking tests. In this particular situation, there are some tests (detailed later) that, should you pass, could qualify ...
Q&A
Asked by an anonymous user
Answered by Darius Slade
Health Services & Management in Richland, WA
Hello Anonymous, Not knowing the specifics, I recommend contacting the federal agency involved (i.e., SSA, IRS.GOV or Medicare?). The agency will provide your mother...
Q&A
Asked by an anonymous user
Answered by Darius Slade
Health Services & Management in Richland, WA
Hi Anonymous, Good question, and it suggests that your being on SSD has an impact on your husband's decision to claim you as a dependent. This is less a social securi...
Q&A
Asked by bonnie.myers
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Bonnie, Restrictions apply. So check with your tax advisor and be sure you have the written certification from the manufacturer that their product qualifies for...
Q&A
Asked by sandra.mury
Answered by Deborah Peterson
Financial Advisor in Charlotte, NC
That depends on the type of income it is. Is it social security income? Were taxes withheld on any of the income you received? If yes, then you would need to file t...
Q&A
Asked by an anonymous user
Answered by Saul Simon
Financial Planner in Edison, NJ
No you cannot, a Roth is not deductible
Q&A
Asked by beverlycrousept
Answered by David Moore
Financial Adviser in Brooklyn, NY
YES. Generally speaking, all income needs to be reported for tax purposes. This includes rent money, even if the expenses of owning the home are greater then the ren...
Q&A
Asked by Dave
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Dave, Check with your tax advisor for specifics in your situation. There are exceptions for Real Estate professionals and special rental loss offsets for landlor...
Q&A
Asked by Dave
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Dave. Interesting question. We recently attended a solar forum about this. This is what we learned from the forum: The IRS has not issued guidance on how long...
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