asked
A client wants to hold the mortgage on a rental property he is selling to spread out the capital gains tax. When is the tax on the sale of the home accounted for? Would the entire capital gain be due when the home transfers or as the payments come in?
October 2nd, 2023
How do I confirm my bank account with PayPal after receiving two small deposits from PayPal into my bank account?
July 6th, 2024
My spouse gets RSUs from his employer which vests in February every year. His employer applied a flat rate of 22% in 2019, but he now claims to be in the 37% tax bracket. Should I pay him the difference for the 'less taxes withheld' by his employer, or did his employer correctly withhold taxes at the time of vesting based on his income from January through February?
May 7th, 2023
Where’s my tax return? We filed on 3/23/21 and have not received our return of $2809. I am 81 years old, married, and made about $48,000 this year. Why is the return taking so long?
May 17th, 2023
I own a photography business and recently realized I needed to apply for a Sales Tax ID and EIN. I have already charged one client sales tax, but I didn't charge tax for two photoshoots before obtaining my license. What should I do about the uncollected sales tax, and will I be penalized for this oversight?
October 7th, 2023
What closing costs can be added to the cost basis when purchasing a property, and are there any loan-related fees that can be included?
November 8th, 2023