I missed a Required Minimum Distribution (RMD) for 2023 for a minimum of $544. After realizing that I made a withdrawal on 3/07/24 of $1000, is there a way that I can apply it to my 2023 return to affect federal, state, and local taxes?

December 8th, 2024

I am the owner of an LLC and have not been able to pay my quarterly payroll taxes for the last three quarters due to business challenges, including the sale of the attached hotel and significant financial losses. What can I do to address this situation and what kind of relief is available for businesses in similar circumstances?

July 4th, 2024

Using Turbo Tax, I was able to download all my investment 1099 forms from Fidelity, except one from Bank of America's private banking. I entered both short and long term gains manually. The software told me I need to mail a copy of my 1099 from BoA to IRS. Is that correct? For all other accounts, which were downloaded directly through Turbo Tax, do I need to do the same, i.e., mail a copy of the 1099 to IRS? All accounts are stocks and bonds managed by Fidelity or BoA.

April 28th, 2023

My small business shut down in January 2023 due to changes by the Department of Agriculture. We had zero sales and had contributed $6091 when we opened in 2022. What should I do with the amount contributed by the partners, and how should I handle this on my tax return?

June 15th, 2024

Mom and Dad are in hospice. They have a trust to give their home to my sister and me upon their death. My sister is on Medi-Cal and I am not. Will the state/feds need to recapture my sister's medical benefits before giving us the proceeds to their home?

December 5th, 2024