asked
Can monies in a revocable trust be distributed to children as a gift? What are the tax implications for the recipients of the monies? Resident states are IL and IN. The owner of the trust wants to disperse funds now instead of after their death.
April 18th, 2023
A client has $57K of 1099 Schedule C income, netting $48K. He bought a new car on 12/27/22 for $29K. Can he claim depreciation on the vehicle, and if so, how many years or is there a maximum number for the first year use? Additionally, can he claim mileage? The vehicle is used more than 50% for business purposes.
December 14th, 2023
Can I get my copy of my 2021 Wisconsin state tax return?
June 4th, 2024
How is the structure of the trust fund in terms of EIN or TAX ID when there are more than one brand name or business lines?
June 8th, 2024
How many dollars worth do I need to be able to itemize for the 2022 year in Nebraska?
January 14th, 2023
I started a food truck business in May and closed it in November, incurring losses. I have already filed my personal taxes. As the business is an LLC partnership with my son, do I need to file business taxes separately, and will I get any money back due to the loss?
August 25th, 2023