How do we calculate the total gross assets of a business for Delaware Franchise Taxes, and where do I input the information for a promissory loan to the business on federal tax forms?
August 6th, 2023
If a newly married taxpayer in a community property state files as Married Filing Separately (MFS), where the other spouse owes past debts and will also owe for 2013, does filing MFS separate her from any current liability for 2013, and what is the best way to protect her refund from her spouse's past debts?
November 18th, 2023
What are the returns on treasury bills, notes, or bonds compared to money market accounts and savings accounts, and are there any tax benefits associated with them?
July 27th, 2023
I inherited a property from my mom after she passed away in 2009. The property market value was less than $100K at that time. Now I want to sell the property, and its market value is greater than $100K. I want to bring the money back to the US after the sale. What are the tax implications and what documents or forms do I need to report this?
August 25th, 2024
What is the federal tax treatment of 'Indirect Damages' received for a forced land sale due to eminent domain, specifically regarding the $134,300 compensation reported on a 1099-MISC?
November 1st, 2023
Can I deduct the mortgage interest, property tax, and PMI for 2011 and 2012 if I did not pay them in those years due to financial difficulties, but later paid them in 2013? Should I amend 2011 and 2012 tax returns or include these deductions in my 2013 tax return?
August 25th, 2023