asked
Can there be two Schedule C forms and separate the activities after an election to group activities pursuant to Reg. 1.469-4(e) was made, given that one LLC provides a service and the other collects rental income, both owned by the same owner and not taxed as an S-Corp?
June 19th, 2023
Do real estate investors who flip homes qualify for the 1031 exchange?
August 27th, 2024
I just sold my single-family rental in California. Is there any law change or way I could buy a condo in Panama (the country) and defer some of the profit?
October 25th, 2023
My wife and I were married last year in July. She worked until September in Indiana and then moved to Illinois, where I have been a full-time resident all year long. How should we file our taxes considering we are planning to file jointly but have income from different states?
February 27th, 2023
Can I claim my daughter as a dependent for 2017 if she turned 24 on December 21st but I paid for more than half of her living needs and school expenses throughout the year?
June 9th, 2024
As a sole proprietor, should I be on payroll or do an owner's draw for owner equity?
March 27th, 2024