asked
How does the Foreign Income Exclusion work for a contractor who worked overseas for 332 days and received payments reported on a 1099-MISC, including reimbursements for expenses? Specifically, how should the income and expenses be reported on Form 2555 and Schedule C, and can the contractor claim deductions for lodging and meals?
April 13th, 2024
How much do I owe to the CA FTB for not filing Form 568 for the years 2015, 2016, and 2017, and what is the correct process for submitting the penalty and interest payments?
January 27th, 2024
I moved in 2016 and incurred several thousand dollars worth of damages from a moving company that did not pay for the damages. Is that considered a loss for tax purposes?
February 22nd, 2024
I operate a home-based business entirely in my name, but the home mortgage and bills are in my wife's name. I use about 15% of the property for the business. Can I apply that 15% to the mortgage bill and utilities for tax deductions if they are not in my name?
January 26th, 2024
How should I estimate my tax liability for an extension when I have a new LLC that does not have a tax return for last year, and my bookkeeping is not yet accurate?
March 16th, 2023
I sold an apartment building in Las Vegas in 2017 and I am trying to reduce the gain of the sale. What costs can I add to increase the 'Cost of the sale' to reduce my taxable gain?
March 5th, 2024