asked
How do I report the sale of a closely held C Corp on my individual taxes where I lost all of my investment/stock in the company as the business closed down and made no money? Does this get reported on Schedule D as a long-term stock sale with $0 as the sale proceeds?
February 25th, 2024
Can a professional association be converted into a non-profit organization and keep the same tax ID?
July 30th, 2024
My brother gifted his home he inherited from his deceased grandfather because he felt he was not responsible enough to take care of the property as he had just turned 18. He has never filed taxes before. Does he need to file taxes on this gift? If so, what tax will he need to file and when should he file?
February 29th, 2024
Is there any penalty for not filing Form 709, and how are penalties calculated?
May 5th, 2023
I changed banks and didn't receive my second relief deposit. I am 66 years old, located in Eugene, Oregon, and have no dependents. I don't need to file a tax return as I haven't made any income for a couple of years, but I continue to receive my social security deposits in my new bank by direct deposit. What should I do to receive my relief deposit?
May 13th, 2024
How do I declare foreign earned income, and how much taxes should I pay if I earned around $55,000 last year from abroad?
July 26th, 2023