As a Realtor with a management company in an LLC, should I put real estate income and expenses under a DBA within the existing LLC, or form a new LLC specifically for real estate income and expenses? Currently, real estate income is going into my personal bank account, and I am behind on credit card payments totaling $29,000. What are the implications of these choices for liability protection, accounting, and personal debt management?
October 23rd, 2023
I received a check for $18.00 with a memo saying PHPITCHK followed by a long number. The check is from the Commonwealth of PA, drawn on Wells Fargo Bank. My friend, who is in the military, asked me to check into this because she filed her PA 40 taxes for last year. I need to know if this check is related to her PA40 return when I have her return amended. Is this check for a 2021 state tax refund or interest on it, and are current military personnel exempt from PA state tax?
July 27th, 2023
How do I properly fill out tax forms 6252 and 4797 for installment sale income from a residential rental property, specifically regarding lines 25 and 26 on Form 6252 and line 26 on Form 4797?
August 27th, 2023
I need last year's adjusted gross income. Did I file my taxes last year, and if so, was it online or by mail?
August 26th, 2023
I completed my daughter's taxes using TurboTax last night and am unable to log in to check if they have been e-filed or if the auto deposit has been completed. I am encountering a blue circle spinning continuously and received an error message FW2-502 indicating the app isn't working. What should I do to resolve this issue?
May 7th, 2023
I received a notice from the Rhode Island Division of Taxation stating I owe them $4,017.71 for the tax period of 01/01/2006 to 12/31/2006. I was in the Coast Guard at the time and my home of record was Delaware, exempting me from paying Rhode Island state tax. I haven't heard anything from them in 17 years. What should I do about this notice?
October 12th, 2024