Shirley M. asked
Am thinking of purchasing a home in the next month. What will that do for my taxes? Benefits? Deductions? Credits?
November 2nd, 2023
Stephen M. answered
If you itemize on Schedule A, you will be able to deduct mortgage interest (up to $750,000 of princi...
November 2nd, 2023
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I'm having difficulty making an appointment with an agent at the Augusta, Maine office regarding a letter I received (letter number LTROO12C). The letter states that I reported a negative amount for taxable Schedule A greater than $3000.00 and that I need to complete a Schedule A. However, I only file a simple 1040-SR and on line 12b - charitable contributions, I have entered the amount of $300.00 using the TurboTax software installed on my computer. There is no sign of the long form Schedule A in my file. I would like to see an IRS agent in person to show them the letter and explain my issue.
November 14th, 2024
Does an LLC in California need to file a foreign LLC when hiring 1099 contractors in Texas? What is the civil penalty and interest for doing business in Texas without a Foreign LLC if it is required?
January 14th, 2024
How do I qualify for the stimulus payments and is there a special form to complete?
June 3rd, 2024
I filed my 2021 taxes in April 2022 using Turbo Tax, but I have not received my federal refund. I had to file manually due to issues with Turbo Tax. Why have I not received my federal refund, and what steps can I take to find out the status of my refund?
March 29th, 2023
If we borrowed money from a family member to purchase a shop, then we sold it and paid them back with a profit, how are we taxed?
July 30th, 2023