asked
Client mistakenly put a building in their personal name instead of the corporation's name on their tax return. Additionally, the loan for the building was not included in the liabilities, which affects the balance sheet. How can this be fixed, and is it possible to correct this by submitting a new tax return and super sending it?
May 22nd, 2024
The owner of the building used his building to run his business and depreciated the building on Form 4562 from Schedule C. What are the implications of this depreciation when the building is sold?
February 27th, 2023
Is there a tax benefit in setting up a trust, S corp, or LLC for when I sell land that I bought with a 1031 exchange and then sell it for cash, as opposed to just investing the proceeds into more land with a 1031 and then selling it for cash later?
December 30th, 2023
Do I owe money to the IRS for the 2022 tax year, and if so, how can I verify this and manage my tax account?
August 19th, 2023
I am investing outside the US through TCBIT in ETHUSD by contract, which involves crypto contracts rather than buying coins. How do I claim profit or loss to the IRS at the end of the year?
September 5th, 2024
I filed my taxes last year as single and S status. I am unable to access my account online to check the status of my federal tax return. When will I be getting my tax refund, and what can I do if it doesn't recognize my information online?
August 11th, 2023