I worked as a W-2 employee and contributed to a 401k. I have a sole proprietor LLC that is profitable, say $100,000. I have a solo 401k and a SEP IRA set up for the LLC. I contributed $18,000 to the 401k as a W-2 employee. I am over 50 years old. I c...read more
I tried to finalize my taxes. It would not allow me to take processing fees from my refund. It states my federal return had not been finalized yet? What does that mean? It was ready to be submitted but I had to pay out of pocket for the accessed fees...read more
We know that you work hard for your money and often a tax refund may be the biggest check you get all year, so we’re here to let you know how the new tax reform legislation may affect your tax refund next year. The new tax law is the largest piece of...read more
Tax reform last year changed things I think. Niw I need to know how to calculate our withholding for 2019. My wife is 68 and I turn 65 in February. She receives $1200/mo pre-deductions from Social Security. I receive $2100/mo pre-deduction from Soc S...read more
I have $98,650 in qualifying section 179 expense deductions. My questions is how will this affect my refund this year if I am in 24% tax bracket. I am a first year business owner and had a lot of start up expenses and looking to invest it back.