I have a small craft business started in 2012, which is a partnership with my girlfriend. We split everything equally and had a loss in 2012. We have an EIN, and I am listed as the general partner. What tax forms do I need to file?

November 25th, 2024

For optimal tax advantage, should the new retirement property have me or my partner as the primary for tax write-offs, considering we are paying cash for the property and will only have the annual taxes for write-offs?

February 16th, 2023

As part of an annual underwriting renewal, my small C corp company is being audited by BCBS. Their guidelines require that a minimum of two full-time employees (including owners/officers) be on my small group medical plan, with full-time employees defined as those working 30 or more hours per week. How can I prove to BCBS that I, as the sole owner/officer, satisfied the 30+ hours a week requirement in those months where I didn't pay myself a salary?

April 23rd, 2023

Will I be able to offset the withdrawal from my SEP IRA with the loss of the write-off of the loan I made to my California C-Corp?

March 5th, 2024

I send my 21-year-old college undergraduate student money to pay for tuition. I do not claim him as a dependent; his mother does. Is there any way I can get a tax benefit for the almost $7.5k I send per year?

July 12th, 2024