I invested through a single member LLC in a cryptocurrency mining pool. The mines generated cryptocurrencies which I was awarded (for a given $ value). I am trying to figure out which tax form I need to file for 2018. Additionally, I want to know if I will be subject to self-employment taxes, as I did not actually do any of the mining and consider myself an investor.

December 16th, 2024

I have 3 corrected 1099's to resend and 2 1099s that I did not have all the info for. Is it too late now? If I know I will be penalized, can we take it off as a business expense if we haven't sent a 1099 to the contractor? Or will the business have to bear the penalty?

April 7th, 2023

What do the beneficiaries do about their taxes in New York if the trust was not distributed until two years later, and I have the trust document?

December 13th, 2024

Can my single member LLC, which is a disregarded entity and owned by a holding company, gift my 3 children money instead of having them as members? If so, how should this be structured, and what are the tax implications?

September 29th, 2024

What verbage should be included with a tax return regarding the safe harbor for the 199A deduction for an owner of rental houses, and does the safe harbor letter need to be physically signed or can it be e-filed with the word 'signed' typed?

August 7th, 2024