asked
Does the pass-through income from an S Corp K-1, in which an 18-year-old taxpayer who is claimed as a dependent materially participates, increase the amount of the Standard Deduction he can claim for the 2023 tax year?
December 1st, 2024
What are the self-employment tax rates in Florida, and how is the tax calculated?
May 30th, 2023
I bought a house and added my daughter's name to the deed. The mortgage is in my name, and she is not contributing financially as originally agreed. I need to sell the house due to financial constraints. I purchased the house in May 2023 and it has been my primary residence since then. I am concerned about capital gains tax and the possibility of a partition sale without the consent of the other owner. How does this work, and what are the steps to get two separate deeds?
December 29th, 2024
From an inheritance I received from my father's estate, I gifted my son $126,000. What is my responsibility with Form 709?
January 24th, 2024
I’m buying a business and planning on mezzanine fundraising. If I raise 5.6 million for the 3.1 million acquisition, can I put the extra funds raised into my holding company and use it for other ventures?
January 7th, 2024
I am a self-publisher on Amazon KDP and my account was banned due to a mistake. I am considering opening an LLC and creating a KDP account for the LLC, which is a separate entity. However, Amazon's Tax Interview form treats a single-member LLC as an individual, requiring personal tax information. This could lead to my new LLC account being banned as well due to the connection with my previous banned account. Can I fill the tax information with my single-member LLC's legal name, address, and EIN?
May 7th, 2024