Can a client who has received an ITIN (Individual Taxpayer Identification Number) provide this number to their employer for payroll tax reporting purposes?

February 21st, 2023

I own a condominium in Gulf Shores, Alabama, which I have rented mainly in the summer for over 25 years. If I sell it now for an amount between $250,000 to $300,000, what approximate capital gains and taxes would I have to pay, considering I have been writing off repairs, painting, replacing some furniture, and travel costs to check on the property?

September 20th, 2024

My ex-husband agreed to pay the IRS $9,136, and I had him sign a notarized promissory note. He received $5,000 from me and agreed to pay the remaining $4,136. He has since spent the $5,000 and has not paid the remainder. This debt was from my retirement funds that he spent in the 2013 tax year. I need to file a civil suit. What should I do, and is the statute of limitations still valid?

June 17th, 2023

Which forms should I use for NYS (New York State) income tax offer in compromise, and what tips can you provide for successfully filing and getting it approved?

October 3rd, 2024

I have a penalty for late filing of partnership LLC tax returns and am looking for examples of reasonable cause. I am also checking if we could be eligible for the First Time Abatement (FTA). My LLC was registered last year (2016), made no income, filed 2016 tax returns in November, and received a penalty of $195 per month for late filing. No personal income tax of all partners has been filed.

February 12th, 2023