Dennis C. Carroll, Esq.Feb 10, 20201 minGeneral Tax PlanningHow does the IRS catch your cash-only side business?If a client pays you more than $600, they are supposed to file a 1099-MISC with the IRS. Now maybe that 1099-MISC never made it to you...
Dennis C. Carroll, Esq.Feb 3, 20201 minGeneral Tax PlanningCan I deduct fees paid for my kid's sports team?Maybe. If your kid is under age 13 and his participation during team practices/games is meant to allow you to work, then you could...
Dennis C. Carroll, Esq.Jan 21, 20201 minGeneral Tax PlanningI withdrew money from my retirement to buy a house, how will this affect my taxes?That depends on the type of retirement account, how much you took out, and if you're considered a first-time homebuyer. A 401K withdrawal...