tow truck license - Q&A

I want to give my children the deed to my house. What is the best way to accomplish this without major tax implications?...

Question: My wife and own two homes. We own a condo in the city and also own a house out in the country. Both of them are residences—we normally stay in the city during t...

Question: I have my own small business. I’m the only employee and a sole proprietor. I am a little bit confused about the difference between self-employment tax and......

Question: I’d like to use my vacation home as a potential rental and provide additional income.  Currently, we’re looking to rent it for two weeks this year and possibly ...

How long do I have to file for a tax refund?    

Question: What are tax lien certificates?

Question: A neighbor is a financial advisor. He says that there is a legal way to reduce taxes on my income. I’m a freelance web designer who’s generally hired for a proj...

Question: I am an IT project manager for an investment bank. A former colleague who has started his own investment advisory business asked me to set up his office systems...

Question: I’m drowning in debt on my credit cards, mortgage,  to a contractor who worked on my house, and $50,000 on a tax lien. I’m thinking of filing bankruptcy. I know...

Question: We’ve been audited by the IRS, and they’re claiming we owe over $25,000 in taxes and penalties for the last couple of years. There is no way we owe that much! A...