asked
I am a college student with an LLC that grossed $21K in 2022, starting in July, with a net profit of around $16,000 after basic expenses. My parents claim me as a dependent, but I pay for my own rent and living expenses with money from my LLC and a college loan co-signed by my father. I want to know the potential benefits of claiming myself as a dependent and the impact of claiming education credits on my income tax for 2022. Additionally, I need to understand the sales tax implications for digital products and the total income tax I would owe for 2022.
February 29th, 2024
What are the tax implications of selling a house and using the proceeds to build an addition on my son's house?
October 15th, 2023
I'm preparing an 1120S for my S-corporation. Where do I enter workers comp insurance expense and 401K Match (employer's contribution) amount under deductions? What is the expense category for them on the return?
November 28th, 2024
I typed an incorrect number on my 1040-SR line 35d and submitted it electronically. How can I fix this?
February 24th, 2023
I have a filing question. My income was in the Virgin Islands up to April 2022, and I now live in Florida. I had no income in Florida for 2022. Do I need to file a tax return for Florida, and how should I handle my Virgin Islands income on my tax return?
December 4th, 2024
Do I need to file Form 1099NEC for a consultant my company paid in 2022, and if so, how do I file it online and is there a penalty for filing late?
March 30th, 2023