I have 0 exemptions marked on my W4, my spouse has a 1 on their W4. I know if I change the 0 to 1 we will probably owe money when doing taxes. However I know when you contribute to a 401k/Roth or charity you receive money back. If I change to a 1 on […]

i executed a ROTH Conversion at the end of Tax Year 2025. I believe I want to perform at least one more ROTH Conversion in Tax Year 2026. My question is, does the conversion in Tax Year 2026 come with its own 5-year waiting period or does it default back to the Tax Year 2025 […]

Parents giving me a $40,000 check. Do I pay any taxes on it?

Large Payout of Intellectual Property. Is there a way to put this into a trust (have llc already) and have it pay out to myself as distribution over time to lower tax liability?

I put 6,000.00 tax free money in an ira cd instead of a regular cd. I didn’t take a tax reduction in the year that I got the Ira cd or since. I have since cashed in the Ira and will have to pay interest this year. Is there anyway I can get out of […]