Q&A
Asked by an anonymous user
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
The full value of the IRA is includable as income by the beneficiary of that IRA. If no beneficiary was named, then it is taxable to the estate, which must file Form ...
Q&A
Asked by an anonymous user
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
Interest and dividends earned on life insurance policies are not includable for tax purposes unless paid to a beneficiary and even then, the insurance carrier would se...
Q&A
Asked by pmekrut
Answered by Jeffrey Schneider
Tax Professional
Yes, the new law did not change the deduction for health insurance premiums.
Q&A
Asked by ravenknight10025
Answered by Jeffrey Schneider
Tax Professional
The short answer is yes if the divorce was basically finalized before very late 2017. If after that date, it is neither taxable or deductible under the new law.
Q&A
Asked by Gguzman58375
Answered by Jeffrey Schneider
Tax Professional
Absolutely not. If you make a donation to a museum that is a not for profit and not disguised as an entry fee, that is a charitable donation.
Q&A
Asked by Marjorie
Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA
The usual rule of thumb is to keep your tax returns for three years and your bank statements for one year, but there are some cases in which you should keep your recor...
Q&A
Asked by jennifer
Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA
You can find a tax professional in your area here.
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