I am looking to purchase a house with the intent to live in until I can find a tenant. Would it be better to purchase the home under my name or under an LLC entity? Would it give me a greater tax benefit to purchase it under my name for a certain time and then start renting it out? Are there any tax benefits for me if the house is in the LLC?

September 10th, 2024

I filed my 2020 tax return and am waiting for an $18,502.00 refund, but the IRS has no record of my return. I have sent multiple certified letters and tried contacting the IRS in person and by phone. What should I do next?

April 1st, 2023

I live in Kansas and work in Missouri. I filed tax returns for both states but only paid tax for Missouri, where I work. Now, Kansas is asking me to pay tax on my out-of-state income. I don't understand why this is happening, especially since my employer and the state department of revenue have conflicting information about the correct way to report my income.

February 13th, 2023

If my mother's life insurance is sent to the funeral home, do I still have to claim it on taxes?

February 26th, 2024

I am having trouble creating a cash flow statement from scratch and ensuring it matches the trial balance. I need guidance on how to prepare a cash flow statement and understand the basic concepts.

April 28th, 2023