I have made excessive Roth IRA contributions for numerous years. Are the 6% penalties assessed on Jan 1 2025 for each or after the April 15 2025 Tax filing deadline?
Family Member lives in my house, and contributes towards mortgage. Do I need to report that money as taxable income?
How should I transfer funds from my personal account to my business account so it’s treated as a contribution, not income? Also what forms should I file? Thanks