My daughter is married and the two of them own 2 houses, under a Joint Trust, in Maryland and Florida. She lives primarily in the MD house and he in the FL house because of job requirements. She now plans to relocate to FL and sell the MD house. What capital gains will result from the MD house sale (Bought at $190, on market for $480)?

November 17th, 2024

I want to form a professional healthcare corporation where stocks can be offered to other licensed healthcare professionals in the future. Should I choose an LLC or an S-Corporation? Also, should I form the corporation in Delaware or in my home state of South Carolina?

September 7th, 2023

When using depreciation for a car used in business, such as for an Uber driver, should we take actual expenses or standard mileage? Can we claim depreciation if we choose the standard mileage rate?

September 2nd, 2023

As a US citizen living in DC, I own a rental property in DC that I am selling. I plan to change my primary address to another country before the settlement. Can I avoid DC capital gains tax on the sale of my rental property by doing this, and how do I establish my new primary residence?

March 30th, 2023

I have been contacted by phone from 2 different numbers claiming I defrauded the IRS of $6,795.00 and threatening jail time if I don't pay by the end of the day. If I fight this, they claim I owe $200,000.00. I am on social security since 1999. Is this a scam or what? I have the phone numbers.

February 15th, 2023