asked
Do I qualify for a tax break because I’m legally blind in one eye? I am 55 years old, have 2 kids, and my typical filing status is married filing joint with an income of $160k. I am located in Massachusetts.
May 13th, 2023
I have a balance sheet that is off by approximately $100,000 due to taking bonus depreciation on my depreciable purchases. How can I reconcile this discrepancy, especially if my tax software does not allow me to add a specific line for bonus depreciation?
February 27th, 2023
Does the estate tax return go in the estate file?
February 9th, 2023
Are donations and membership fees considered income for a private fraternal non-profit club, and if so, are they taxable? The funds are deposited into a savings account and used solely for the purpose of helping members of the community in need.
April 8th, 2024
If I make 80k/year in self-employed income and sell 125k in stock (all capital gain), what will be my effective tax rate and the tax on the capital gains?
May 13th, 2023
What is meant by 'above-the-line' and 'below-the-line' deductions in the context of United States tax accounting, and which deductions are considered business expenses for an 1120-S form, including those related to rental properties?
August 14th, 2024