Social Security Page 13

Social Security Questions

Owe IRS back taxes

Hi Terry, I owe $20,000 in back taxes and tried to get installment payments setup with IRS but that was..

RMD Withholding

Rather than pay quarterly estimated federal tax payments I have it withheld from my RMD and this year I will..

Cost basis for transferred stock at death

My mother passed away last year. She owned some stock for which I was joint tenant. I’m transferring the stock..

Bail out

Why do you support those who gambled (invested -not a small accounts) being bailed out by government??? Shame on you...

Illinois $350. rebate — taxable??

Terry, Is the $350. rebate that we received from Governor Pritzker shortly before the November election, which probably could have..

back tax returns not filed

I work at a governmental agency (23 yrs). I have several years where I didn’t file my state taxes. For..

its tax returns

I received funds from the sale of a house I inherited, in 2022 .where does this go on my tax..

Treasury bonds and interest

If I have a 13 week t bill, and set it up fr reinvestment will I be subject to taxes..

taxes on sale of inherited property

does the proceeds from the sale of inherited property have to be reported as income ?

HSAs

I have 2 HSA plans from 2 different employers. The 1st HSA is from a former job; in 2022, there..

IRS – 2021 Return

I made a mistake on our 2011 Q4 estimated tax payment. I put our pass through LLC ein in our..

Tax deduction of interest lost penalty on closing an IRA CD before maturity.

In other words; If you were to close out a low interest rate CD that your IRA is currently in,..

IRA SAVINGS CONTRIBUTIONS

A recent AARP article indicates a$1,000 savings is available to low income earners by depositing to a IRA or 403b..

Income taxes For disability payments

Hello, last year(2022)I was put on disability. I worked the first to months of the year. I also received back..

Tax on Conversion of IRA to ROTH

On December 30th, 2022, I converted $96,928.00 from traditional IRA to my ROTH. Knowing this is a taxable event, I..

Do I need to file a tax return?

my tax preparar said that i did not have to file because my income is where i didnot have any..

Property tax

The house we live in is located in Palos Heights. My husband purchased it three years before we got married...

Mail communication

I recently received Communications from the IRS that contain information about social security numbers, tax forms, dispositions and so forth...

T-Bills income tax filing

If I get a 1099-I for t-bill interest, but my total interest income for the year is less than $14k,..

Taxes on eBay personal sales

Hi Terry, I sold approximately $1200 of personal items on eBay last year. Selling on eBay is not my hobby..

money

ASK TERRY

a personal
finance question