“We spoke” means that there was an interchange of words whatever those might have been. It is the past tense of speaking not a definition of a greeting. H...

Secondly, your first required distribution doesn’t have to be made until April 1 st of the year after you turn 70 ½. This is called your required beginnin...

The average estimated annual salary, including base and bonus, at TurboTax is $117,250, or $56 per hour, while the estimated median salary is $131,906, or...

1. You may get a lower tax rate. In most cases, a married couple will come out ahead by filing jointly. “You typically get lower tax rates when married fi...

The IRS generally requires automatic withholding of 20% of a 401(k) early withdrawal for taxes. The IRS will penalize you. If you withdraw money from your...

If the shareholder wants to dispose of their shareholdings in a company they have the following options: sell the shareholdings to an unconnected party; s...

Married couples can file jointly for bankruptcy or one spouse can file separately; which option is better depends on your debts, assets, state law, and mo...

According to the IRS, if you have canceled, forgiven, or discharged debt for less than the amount you pay, the amount of the canceled debt is taxable inco...

Gift property properly to avoid taxes. Gifting property to someone other than your spouse in the state of California can have significant tax implications...

You may call us toll-free at 800-829-1040, M – F, 7 a.m. – 7 p.m. Generally, if the financial institution recovers the funds and returns them to the IRS, ...