Пікірлер

• 
  @MrGus.1Күн бұрын

  My Fidelity advisor just advised me to buy a single premium, 3 yr. annunity. The interest rate sounded pretty good. I thought it would fit into my portfolio "safety net" well, but then I found out he made a big fat commission on it. Was that a conflict of interests?

• 
  @CreatorsExpressКүн бұрын

  Is that for school and all education related expenses? Community college, university, and even courses?

• 
  @user-adam-9 күн бұрын

  Hello Rob I couldn’t find information about if I only have interest income 1099-INT and nothing else, How much tax will I pay (married jointly 480k interest) Thank you!

• 
  @normallanes645911 күн бұрын

  Thank you!

• 
  @ryangrahamCP12 күн бұрын

  Sofi has 4.6% with direct deposit into a checking or saving account with them. FDIC insured. No balance requirement

• 
  @user-dj3ie8el7r15 күн бұрын

  You have a good pronounce, even I from Ukraine understand, thank you, really helpful information

• 
  @KatieLibby131520 күн бұрын

  I was told to wait until December. Take what you paid in taxes the previous year. Roll over that amount from a traditional IRA into a ROTH and withhold the entire amount. The IRS recognizes it as a timely tax payment.

• 
  @Roy-xe9is21 күн бұрын

  If depositing money into a MMA today, and the FED cut rates twice this year as expected, what can I expect? Thank you for this channel. New subscriber.

• 
  @GlowShow511321 күн бұрын

  Id love to know what line of work these “hypothetical “ people are in. 400k in a year. They owe more in taxes than someone making $15/hr brings home in a year.

• 
  @nayg123424 күн бұрын

  May I know the process to claim?

• 
  @pcdihealth25 күн бұрын

  Thank you so much for sharing the information..

• 
  @cambeatty7125Ай бұрын

  What if both parents have Indic businesses? Would they be able to hire the child for both business and use the standard deduction?

• 
  @jovita_FidelАй бұрын

  What if I receive money by Zelle from. Y brother to share house payments. Is that going to be taxable too?

• 
  @andylee9973Ай бұрын

  Hi, Can I deduct my health insurance premiums with Cover California from my S Corporation payroll taxes?

• 
  @johnlupo3919Ай бұрын

  STOP SAYING "UM"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

• 
  @johnlupo3919Ай бұрын

  STOP SAYING "SO"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

• 
  @mrbigcat9Ай бұрын

  Can I gift the maximum amount for that tax year to a friend for their life span?

• 
  @KatieLibby1315Ай бұрын

  How is a monetary gift to someone tracable?

• 
  @joebillionaireguillen4749Ай бұрын

  Us capital one financial usc 2139 5315 1145 5034011/27 Forbes luxury I'd 83355 us gov

• 
  @SoCalWholesaler2 ай бұрын

  Hi Rob, Your video was great! Do you prepare Tax Returns for Business owners who have completed Mega Back Door Roth? I made the contributions in TY 2023 but my CPA not familiar w strategy and how to report. Unless I order Tax Plan $5k-10K hard to find CPA who understands how to prepare Tax Return. Thanks, Rob.

• 
  @D-hc4ux2 ай бұрын

  How does the employee pay tax when he/she initially buys shares? On form 8949 as short term gains? Thank you

• 
  @cruiz5262 ай бұрын

  Thanks for this fantastic video. How long does it take you to generate this report for each client? how much time do you devote to explaining each item to each client?

• 
  @arrey112 ай бұрын

  Thank you for this knowledge. I would like to stay as an LLC but file as an S-CORP. What do I need to do ?

• 
  @rob_cpa2 ай бұрын

  Thank you. You will need to file form 2553…then wait for try IRS to send you a letter back approving the s election.

• 
  @Floyd_Steel2 ай бұрын

  Do you have to pay tax on a HYSA like you have to on a MMMF

• 
  @I_Died_2_Weeks_Ago2 ай бұрын

  Federal, yes, but MMA may have tax benefits depending on the percentage of government bonds the account holds and the state you live in.

• 
  @OffGridandOutdoors2 ай бұрын

  I think it depends on where your money is. If I've got uninvested cash in a brokerage account, I'm not moving it to A HYSA, I'm investing in a MM Fund. Conversely, the rest of my money is at Wealthfront cash. Wealthfront, whoot whoot, once And done.

• 
  @uaeio2 ай бұрын

  You didn’t address taxation of interest/dividends. Money market mutual fund by fidelity ,SPAAX, calls its interest a dividend, but it is not qualified dividend… very misleading

• 
  @Onilovescrafts2 ай бұрын

  Can I sell them with a month after buying?

• 
  @tonyportaro31842 ай бұрын

  Great question

• 
  @simply-tom2 ай бұрын

  I just noticed that in my account. I’m investing in long term and don’t know anything about shares and stuff. This seems easy enough.

• 
  @franciscoalmonte69532 ай бұрын

  new subs here , thank you .

• 
  @boki23m2 ай бұрын

  According to the form 8396, if the vehicle is used and $4000 credit was received the business/personal use doesn't apply? Can you get a used vehicle and occasionally use it for rideshare driving? Mixed use, maybe 50/50 business/personal miles and deduct mileage (not actual cost)?

• 
  @TerryGrier2 ай бұрын

  Thank you for putting this video together. very helpful.

• 
  @johny31333 ай бұрын

  You forgot to mention taxes on these accounts they all different

• 
  @kimr.99063 ай бұрын

  I always got confused with MM accts. There are many types too. So what's the difference between MM mutual funds vs MM IRA acct?

• 
  @dennishipsley87033 ай бұрын

  Why do we put up with this bullshit organization known as the IRS!!?? The IRS IS NOT PART OF THE FEDERAL/U.S. "GOVERNMENT!! They ARE a Rico criminal extortion syndicate that steals 3 TRILLION DOLLARS a year under the guise of an " income tax" for the IMF and World Bank LAUNDERING the money ultimately through the Bank of International Settlements. THERE IS NO INCOME TAX!!! 26 CFR 1.0-1 paragraph (d) of the IRC of 1954 clearly says "TAXABLE YEARS began December 31 1953 and ENDED August 16 1954, passed into LAW by the 83rd Congress AS LAW and published in volume 68A of the United States Statutes at Large AS LAW!! Any Subtitle F compliant enforcement provisions took effect on the day AFTER the date of ENACTMENT which was August 17 1954 but on that day there was NO TAX TO ENFORCE AS the tax died expired the day before which was August 16 1954. There has NOT BEEN AN ENFORCEABLE LEGAL INCOME TAX in this country for 70 YEARS!!!

• 
  @chrischapin29363 ай бұрын

  Could you elaborate on the point you made regarding earnings in an inherited Roth IRA being subject to tax? I am not aware of there being a potential tax liability with an inherited Roth. Additionally, I am under the impression that the recipient of an inherited Roth IRA has 10 years to remove the money from the Inherited Roth, is this true? Thanks for your excellent info.

• 
  @defendingthefaith.78893 ай бұрын

  Capital one does not have a balance you have to keep in a high yield that pays 4.3 percent. Not penalty for withdrawals.

• 
  @CreditLiving3 ай бұрын

  What happened to the next year?

• 
  @Shillah.DiscoveryEmployment3 ай бұрын

  Can i open sole prop and im not a citizen and dont have social security in New york to open bookkeeping license

• 
  @AlfredoG103 ай бұрын

  Hi rob I bought a new 2023 Tesla and I didn’t get a full 7500 i only get 4500 I wonder if H&R Block didn’t do my tax correctly

• 
  @abkeener813 ай бұрын

  What can I deduct if I'm say a DoorDash delivery person if I use public transportation? I'm glad to know I can deduct the cost of TurboTax. I'm Andrew.

• 
  @seanbone83353 ай бұрын

  what if your spouse is W2 and company health insurance premiums are taken from pre-tax from the W2 spouse paycheck? Using Section 105 MERP, can you still write those off as medical expenses?

• 
  @jaynebaxter41633 ай бұрын

  great explanation. can you do 2 different Schedule C for 2 different businesses? I received a 1099 Misc for 1(special circumstance and will never receive it again) and the other is my actual business on Etsy.

• 
  @aaronfallon67383 ай бұрын

  I'm an hourly employee, but my bonus is a check w/o taxes taken out. I put this in schedule C even though I'm not an employer/contractor or anything. How and when do I pay the taxes on this bonus?

• 
  @rob_cpa3 ай бұрын

  If you're an employee (W2) and receive a bonus, your employer should add that bonus to your W2. If you're a contractor and receive payments from a company, they should send you a 1099-NEC or 1099MISC...and the "bonus" would be included in that form.

• 
  @Toke-YT3 ай бұрын

  So my high yield savings account has 5% interest rate so monthly interest would be .41% every month, yes… so with the money market mutual, which seven day run is 4.7% , is that 4.7% monthly, or is that over the year?

• 
  @justjoe732Ай бұрын

  over the year

• 
  @mr.pumpernickel57203 ай бұрын

  Does receiving 1099 automatically turns it into a business what about if it’s not a regular and continuous activity. Like a side hustle for 3 months.

• 
  @rob_cpa3 ай бұрын

  It depends on what work you did that created you receiving the 1099. If you did some consulting services, for example, you would probably add that 1099 income to a Schedule C.

• 
  @flolou84963 ай бұрын

  Can someone help me with this question? Example: Used Chevy Bolt is advertised at dealership for 10,000: but after the sales tax and other fee's from the dealer the cost is more like 11, 500 out the door: but I also I also wish to purchase an extended warranty adding another 1500.00 to the total price bringing the final price to 13,0000, (if I also add the extended warranty) _________________________________________________ Can I say on the IRS EV used car credit program, that the cost of the car was 13,000? or do I have to use only the 10,000 price of the car, excluding the sales tax and dealer fee's and extended warranty cost ?

• 
  @nobrizzle3 ай бұрын

  At 9 min, did you mean to say multiple by 80%, not 20%, and where do you get the 22,500 you're talking about? Or I'm guessing you meant to say 20% off of 25,023, which I'm getting 20,018 by my math.

• 
  @jenk5033 ай бұрын

  I received a 1099 misc from one of my investments. The investment income is 4.5k, I paid 10% advisors fee $450. Can I deduct this fee from the $4500 income if I use standard deduction? Thanks.

• 
  @andrescsulb3 ай бұрын

  Can an employee make use of a promo APR i.e. Best Buy 12 months no interest for a computer on the personal side to incur a business expense for the employer. Does the employer reimburse 100% of cost or can it reimburse monthly (granted the employee provided monthly invoices) until cost of equipment is covered? Thank you

• 
  @AlexGutierrezPhotography3 ай бұрын

  So the annual gift exception , If I gift someone the max limit Do I get to claim that on my taxes? If not, then why would anyone tell the irs if I gifted more than the limit if they would not know either way? I need to save money when paying the IRS....

• 
  @rob_cpa3 ай бұрын

  You would not claim anything on your tax return if you gifted under the annual limit. If you gifted more and didn't file a gift tax return, if you were to get audited by them, you may incur penalties.