We have a customer who will be closing his C-Corp and transferring assets to an S-Corp. The C-Corp has three owners, while the S-Corp will have two owners. What are the tax implications for doing this, particularly regarding cash distribution as dividends and the liquidation of equipment that has been fully or partially depreciated among shareholders?

May 7th, 2023

If I enter the US with an F1 student visa and receive income from my company located in the UAE, do I have to pay tax on that income in the US?

October 16th, 2024

My wife and I are 50-50 owners of a multi-member LLC. My wife has been purchasing basic 'tools and supplies' out of her personal account and wants to be reimbursed for these expenses. How do we do this? Can an owner file an expense report to be reimbursed directly?

February 9th, 2023

In New York State, how does a private long-term care policy affect Community Medicaid eligibility?

March 13th, 2024

I am the executor of my sister's estate and received a letter from the IRS addressed to Patricia B Waller Decd (letter # 5071C) regarding a $167 tax refund due for 2021. My address is different from my deceased sister's. How should I proceed to claim the refund and update my address with the IRS?

January 24th, 2023