Which of the following are factors that will determine the deductibility of health insurance premiums for businesses? Select one: a. An individual can only claim the health insurance premiums write-off for months when neither them nor their spouse was eligible to participate in an employer-subsidized health plan. b. The deduction must exceed the earned income collected from the taxpayer's business. c. Eligibility to take the deduction is determined on an annual basis. d. Only A and B above are correct factors.

March 2nd, 2023

I have owned my home for 18 years and plan to sell it in 2 years, expecting a profit of about $125,000. Do I have to pay taxes on this profit, especially since I plan to downsize to a home of lesser value?

April 27th, 2024

My company is an S-Corp in NY state and hired a contractor in Hong Kong who is a non-US citizen. I made a remittance to his personal bank account in HK. Do I have to withhold tax using a form such as 1042, and can I file the amount I wired as a business expense?

December 31st, 2023

I was claimed as a dependent without my permission and now I haven't received a stimulus check. I cannot get the person to amend their tax return. What should I do to get my stimulus check?

May 26th, 2023

Are you licensed to do 501(c)(8) returns in the state of California, especially 990 or 990-EZ forms? Our organization 'KofC' needs to file a time extension for the last 2 years and then file returns for 2018 & 2019 and then in the future 2020. There has been a series of issues with financial secretaries, including retirement, death, and personal problems, leading to late filing. I would prefer to hand over or mail the paperwork due to potential computer issues.

September 19th, 2024