Social Security Questions
Dependent
Hi Terry, My question is my mother is 96 years of age and lives with my husband and I. We...
Schedule D (Form 1040), Line 21 ( regarding the amt. of capital loss deductible from other income)
In response to another inquirer's question, you recently asserted that a married couple who co-own their investments and file a...
Property Tax Lawyers for homeowner in Cook County.
Missed the deadline to appeal for my assessment tax appeal but have been receiving all kinds of mail from lawyers...
Capital gains taxes
Your article in the Denver Post 10/11/15 says in noting 4. "This loss is limited to$3,000 per year per person"....
Oil Prices
What is the reason a barrel of oil has hovered around $50 for the last year? In the past, OPEC,...
Tax refund
my cpa sent my tax return in feb. and I received a letter saying they are reviewing the return..Every time...
why not tax all wages for social security
My wife and I are both currently on social security and will not be probably affected by changes in SS...
True inflation
Why do so many expert financial reporters continue to quote the Federal governments version of inflation as under 2% when...
gift tax
My 93 year old father passed away in January of 2014. He was the primary and I the secondary on...
Reporting Interest earned on matured Savings Bonds on final maturity – and its tax implications
"When my Savings Bonds reach final maturity I understand from your recent column that I will have to report the...
Taxes and a Single Person
I am 60 years old, single, and making around $95,000 a year. I have a 401 and put the maximum...
Federal and CA state taxes
My mother in law is 82. She receives SS and a not to large pension from several jobs. Is she...
Unemployment Numbers lie!
After 30 years of service to my employer, my position was eliminated. As I continue to seek employment and nearing...
Chicago Pension Reform
Dear Terry, as you may know Gov. Quinn has until 6/9 to sign pension reform for part of Chicago's employees...
Property tax exemptions in Cook County
Terry, I live in Cook County Illinois. At what age does the Homeowners exemption for your primary residence take affect?...
Should my son file taxes?
My 15 year old son earned under $2000 this summer and his employer withheld federal tax. Is there any benefit...
Early Retirement Withdrawal
We decided to cash in one of our retirement Roth IRA Funds for 68,000 we have paid 5% to the...
Personal gifts per year tax free for the giver?
I understand that one can give away up to @$13,000 a year to any individual and that individual does not...
How Does Fed Add Money?
HOW DOES THE FED PUT MONEY IN THE STOCK MARKET ? I THOUGHT THAT THE FED CANNOT PURCHASE STOCKS, BUT...
EE Savings Bonds
Hello Terry, I am an 80 y.o. widow with a $19,000. annual income from SS & small pension , with...
