As a Mary Kay independent consultant, how much of my business expenses can I write off, and does this mean the amount I paid is returned to me?

May 5th, 2024

I just discovered that my tax form for 2018 was not electronically filed as I had requested. What should I do?

March 8th, 2023

As an accountant for a public company, we have salespeople who give large gifts (up to $2,500) to major customers. What are the tax consequences for both the company and the recipient of these gifts, and how should the reporting be handled?

March 10th, 2023

I have many clients with over $10 million equity in commercial real estate, generating more than $500,000 annual rental passive income. I want to set up a retirement plan (like a Defined Benefit Plan) after converting some of the passive income into earned income by issuing W-2s or Form 1099. What are the implications of IRS tax laws on this matter? Clients usually have not paid any compensation for management services in prior years and typically withdrew funds from real estate LLCs. What will be the proper level of management services as owners?

April 17th, 2024

I would like to claim my Earned Income Credit for tax years 2017 and 2018. I previously filed my tax returns using an ITIN, but now I have a Social Security number. How do I claim that credit?

April 27th, 2024