asked
Elijah is single. He has a $35,500 AMT credit from 2021. In 2022, his regular tax liability is $88,750 and his tentative minimum tax is $75,438. Does Elijah owe AMT tax in 2022, and how much of the AMT credit can he use in 2022?
June 11th, 2024
How do I get my IP PIN?
November 2nd, 2024
I'm trying to use funds from my middle class tax refund, but my card keeps getting declined. I haven't withdrawn the money yet because I was saving it for my husband's funeral. I've tried calling the number on the back of the card and went to my bank, but it still says declined. What can I do to resolve this issue?
July 13th, 2023
I have a tax question regarding a friend who received a cancellation of debt for a farm loan. Do I report this on Schedule F so she pays Social Security on this money?
August 21st, 2023
As a limited partner in a Family Limited Partnership (FLP), am I considered 'at risk' for all of my investment if I have a capital account, a designated share in profit, loss, and capital, but am not personally liable for a mortgage on a property held by the FLP?
April 20th, 2024
What is the best way for me to save on taxes as a marketing consultant and sole proprietor?
October 10th, 2024