asked
A tax preparer made a mistake on my 2017 Federal tax return in Wheatland, Wyoming, by not accounting for my wife's 2017 Social Security income, resulting in an additional $3572 payment to the IRS. I confronted him with evidence of his mistake, and he apologized but did not offer to compensate for the penalties and fees. What steps should I take to recover his fee and have him pay any penalties and fees?
March 24th, 2023
Our accountant quit and I have not been at work for over a year due to my wife's quadriplegia. Our S Corporation taxes are due now, and we don’t have them prepared. What can I do?
November 5th, 2023
I just started an LLC as a sole owner. Do I have to file a W2 during tax time? Am I considered an employee of the LLC? If I'm the sole member, do I not have to file a W2? But do I still need to make estimated taxes quarterly? What do I file at tax time? Do I need a separate business checking account to accept client invoices and payments? How do I pay myself?
September 9th, 2023
My sister had a 401K with her previous employer which included both cash and employer stock. She just transferred the 401K to her bank, splitting the cash into a traditional IRA and the stocks into a brokerage account. She needs to pay off some debt and is now planning on selling off the stocks. I am trying to help her determine both the ordinary income tax she will have to pay in addition to the capital gains tax she will have to pay. How is the ordinary income tax calculated? How is the capital gains tax calculated using NUA?
September 15th, 2024
If you place an order with an FTD florist in South Carolina for a person in Georgia, which florist will collect the sales tax?
October 6th, 2024
I am a full-time professional RN who also writes as a weekend author. I write at home on weekends and have an online webpage where people can access my stories. Is this classified as a business, and can I deduct a percentage of my home expenses?
October 18th, 2023