Question: I will be soon be entering into a settlement agreement with my former employer for wages that were wrongfully withheld from me. Can I deduct the legal fees I have spent on this case?
Category: Tax Corner
Question: My company maintains a buy sell agreement funded by insurance. What must I do in light of the recent U.S. Supreme Court decision?
Question: My accountant failed to timely file my income tax return through the e-filing system and I was assessed late filing and late payment penalties by the IRS. Can I get these penalties abated?
Question: I have attained age 59 ½ and have the opportunity to withdraw funds from my company 401(k) plan and contribute them to my IRA. Should I do so?
Question: I am contemplating giving to my daughter stock which has decreased in value below my purchase price. Is my daughter entitled to a tax loss if she sells the property?
