Dispute with your bank. They'll cancel the card for you in the process. Lock the new card.

Fraud prevention tip: Keep your debit card locked on your bank app unless you're actively using it at an ATM.

>I will definitely go the trad IRA/backdoor route in the future.. I do have losses for all $6000, so removing all seems like an easy solution?

Yes. If you have loss, remove all (note that less than $6000 will be moved out, but this is ok), recontribute $6000.

>So you need to take a reasonable salary.

For S corp and C corp yes.

For sole prop and disregarded entity, doesn't matter.

The excess contribution is rounded to $10 per Pub 590-A worksheet. You need your MAGI.

You can remove more, or even the entire contribution. But the more you remove, the more penalty applies if you have a positive net income attributable to the contribution.

If you didn't have a gain, just remove all and re-contribute the full $6k to traditional IRA.

What did the Roth IRA provider say when you asked them to remove excess contribution? Usually, the IRA provider does the calculations for net income attributable, not you or your accountant.

Also, have you considered doing a recharacterization instead, if you are going for backdoor Roth?

Unless elected as a corporation, a LLC is a pass through for all income and all taxes.

• If elected as S corp, income and income tax are passed through. Not payroll tax. Some states may tax S corps or charge business license fees.
• If elected as C corp, nothing is passed through. Corporate taxes apply.

That's a self-employment income. The threshold to file when SE income is present is $400.

If your son only had employment income, no business (including self-employment) income, no interest/dividend/capital gain/invesment income, and the total income was less than $12,950, he doesn't have to file unless he wants to get the tax withholding refunded back.

However, if he owes money, the above cannot also be true. One of the above must be false.

Then you should have gone through the W-4 carefully.

>Step 2: Multiple Jobs or Spouse Works

Depending on how different the two jobs pay, it can be as simple as checking that box, using the worksheet, or going through IRS withholding calculator.

>change status to married with no dependents from single at job.

This.

If there is only one job total among the both of you, this is the correct choice.

Scan them at the best resolution (because when you need a replacement or just a quick look, a copy helps) and store the originals in a bolted-down fire safe. The safe doesn't have to be in your room where valuables are expected.

>Plus I have a small fear that we would lose the combination

Put it in your password manager.

The act of rolling over from IRA to 401k is not subject to pro rata rule. However, do not roll over after-tax balance from IRA to 401k.

If all of your traditional IRAs are 100% pretax now, you can roll all of them over to 401k. Then you can do a clean backdoor Roth.

On the other hand, if you already made, for example, a $6k nondeductible contribution, roll over all but the $6k to 401k. (Sell all investments first so the account value stops fluctuating.)

If you have given them consent to receive electronic W-2, yes. If not, they have to give you a paper copy.

>We are also trying to buy an expensive property and thus need to maximize our dept to income ratio for the mortgage application

Pretty sure you want to minimize DTI ratio to give more room to the new debt you're planning to take.

Is your wife taking on debts for the farm? Losses and debts don't mean the same thing.

What kind of tax? Property/registration tax? Heavy vehicle use tax? Business tax? Income tax?

If you didn't write the check, don't assume it can be converted to ACH debit entry. It's safer to deposit the check and have the HSA debit your bank account.

If you take money out of your car's equity, you'll just owe more money and still have to pay back.

From the post, it is a deposit (memo in the document says "Deposit reimb"), not a down payment. Author is mistaken.

Don't forget to declare it at Customs.

No. The bank will do the reporting for you. Why do you need to withdraw that much in physical cash?

Unless the LLC is elected as C corp, its net profit passes down into your personal income.

Unless they're collectibles, it's not likely you made any profit. Follow the process in Understanding your Form 1099-k: Personal items sold at a loss.

Were your transactions business or personal? Did you make any profit from any individual sale?

> Savings: $600

What are you saving for?

Where?

In what form?

> Total: $3320

> My monthly income is $3400

Did you account for the taxes and benefits that are subtracted from your gross pay?

In apartments, hot water can be supplied centrally.

Dealing with collections wiki. Request all communications to be done by mail only. Letters, at least you can decide when to look at them.