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I have a software business that has customers outside of the US. Are there special tax treatments for the income received from those... read on

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• 4 votes
• Answered byThe BIDaWIZ Team

How do I account for barter transactions? My company is providing a service to another company. That company is paying us with... read on

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• 22 votes
• Answered byThe BIDaWIZ Team

Can a person who is already required to receive required minimum distributions (RMDs) from their traditional IRA, convert the account to a roth... read on

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• 1 votes
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What is impact of renting my house to daughter at fair rental value if I also send her gifts totaling less than annual... read on

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• 1 votes
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I purchased a fixer-upper home in April 2013 and closed on the sale in July for a $50,000 profit. I know I will... read on

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• 2 votes
• Answered byThe BIDaWIZ Team

I have earned more than the social security tax wage base limit for the year. As a S corp owner, can I... read on

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• 2 votes
• Answered byThe BIDaWIZ Team

For my S corporation, I am taking a salary of $100,000. I have a solo 401(k). What is the limit on my... read on

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• 3 votes
• Answered byThe BIDaWIZ Team

My girlfriend and I each own a home. Each of us have a mortgage of approximately $700,000. As two single people we are... read on

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• 3 votes
• Answered byThe BIDaWIZ Team

Is private school tuition tax deductible? If not, are there any available tax benefits to sending a child to private school?... read on

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• 2 votes
• Answered byThe BIDaWIZ Team

If someone claims a self employed health insurance deduction on their form 1040, does this amount always have to be added back to... read on

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• 3 votes
• Answered byThe BIDaWIZ Team