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Showing content with the highest reputation on 12/04/2022 in all areas

  1. This is disgusting, meanwhile some here worry about raising fees by $10 per return.
    3 points
  2. Why can't they get an ACA plan? Unless over age 65 or coverage available, which doesn't seem to apply, they can buy insurance there. Of course they wouldn't get premium assistance, but they would have coverage. Plans may not be the greatest, but they can't be denied due to health problems. As pointed out, a charitable donation from a Sch C or S corp would not lower MAGI.
    3 points
  3. I find that my assistant is often googling and gets the answer before I do. However, when it comes to a rare technicality; I will find the answer by digging in the MTG. Case in point was a taxpayer who sold his home before the required 2 year habitation and was able to pro-rate gain because his job required him to move more than 50 miles. He was only a couple of months short, but this reduced his CG dramatically. I didn't KNOW this rule, but know it now.
    1 point
  4. "Congress bailed out large, white shoe, professional firms with billions of taxpayer dollars during the pandemic. Yet, the vast majority of these firms had no demonstrated financial hardship.Our auditors at OpenTheBooks.com found an astonishing $1.4 billion in forgiven PPP loans that flowed to the largest and most successful law and accounting firms across America. In fact, 126 law firms in the Top 300 took $809 million in forgiven PPP loans and 236 accounting firms in the Top 300 received $635 million in forgiven PPP loans." The rich get richer
    0 points
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