asked
For an LLC disregarded entity, how can the owner distribute income that was already taxed in the previous year without being taxed again in the subsequent year, especially when the cash flow from the LLC is insufficient to cover the distribution in the same year?
May 16th, 2024
My wife works from home in Kansas but gets paid out of Nebraska, and I work in Missouri but live in Kansas. We received a federal refund and refunds from Missouri and Nebraska, but Kansas wants to charge us $5,000. Why is this, and how can we avoid double taxation?
May 18th, 2023
I filed my taxes this year but did not include the sale of my house in Colorado and the purchase of my house in Texas. All the money I made from the sale was put into the house I bought. What should I do?
February 2nd, 2024
My husband filed an extension in 2013 but later we got married in May and filed a joint return. According to my tax transcripts, the filing status keeps getting adjusted to 'single' each time we file. How do I fix this?
May 24th, 2024
As a disregarded entity LLC sole proprietor, should I include my W-2 amount in the deductions for the business for tax year 2017?
January 15th, 2024
My wife passed away in October 2017. I was able to file jointly for the 2017 tax year (filed in 2018) as I have done for the last 60 years. Do I have to file as a single person for the 2018 tax year (filed in 2019)?
July 31st, 2023