asked
As foreign investors living in France, would we have to pay the 30% tax on the gross rent for an investment property in Florida, or is there any way to pay less?
August 30th, 2024
I sold a company to another and was given shares of stock in the other company instead of cash. Do I have to pay taxes on the shares?
December 1st, 2023
15 to 20 years ago, I bought a small stucco company from my father on Hilton Head Island, SC. After his death, the IRS closed the company and sold off all assets due to a $63,000 lien. I was unaware of the debt. A tax lawyer informed me that the IRS did not refile the lien, so I no longer owed the money. However, the lien remains on my credit report, affecting my credit score of almost 700. I want to buy a house through the VA, but this issue is a problem. How do I get this lien removed from my credit report?
September 17th, 2023
I have six children. Can I give $13,000 to each child and claim a deductible of that amount for each child? Will each child (all are over 50 years old) then pay tax on his gift?
August 13th, 2023
I don't receive a W-2 or 1099 and need to file my taxes. I'm filing for bankruptcy and need my taxes done. What should I do?
December 9th, 2023
As a 100% owner of a C corporation, if you personally guarantee a floor plan loan for inventory and subsequently have to pay the guarantee after the corporation fails, is that considered a business bad debt? Is the taxpayer's trade or business the C corporation?
March 9th, 2023