James R. asked
How is the income from inherited stocks figured? Is it based on the total value or the value gained between the time the stock was inherited and sold? What is the form number for reporting this income?
December 3rd, 2023
Elizabeth W. answered
When you inherit stocks, you are only taxed on the dividends received and the gain when you sell the...
December 3rd, 2023
Create an account to view answers and interact with the community!
Our company, registered in Delaware, is opening an office in Tampa, FL. Are we required to register with the state of Florida, and what are the implications for taxes and confidentiality?
September 14th, 2024
I live and work in Texas from home, but the company I work for is based in Missouri. Do I have to pay Missouri State Tax?
November 1st, 2023
I have a K-1 with Box 11 Code F showing net Section 475 income of $28,000. I am trying to determine if this should be classified as a short-term capital gain (since she is not a trader) or as ordinary income.
February 24th, 2023
If $10,000 is given to a partnership as a gift in 2016, is the money taxable to the partnership?
January 29th, 2024
What are the tax implications and rules for buying vs leasing a company car for an employee, and which option is better? Additionally, what are the tax implications for providing a company car vs giving a car allowance?
April 8th, 2023
