asked
I am the only shareholder and employee of my S Corp and have loaned it over $25,000 in personal funds over the last four years. The company is bankrupt and cannot repay me, and it will be dissolved this year. Is it possible to write off these loans on my personal taxes or can the corporation reflect them as losses on my K1?
September 4th, 2023
Do Catholic priests have to include the Fair Market Value (FMV) of their provided living quarters in their Social Security tax calculations, and if so, how do they determine this value if the church does not provide it?
March 13th, 2024
As a self-employed artist collecting Social Security, can I report my art sales as 'other income' on line 21 of form 1040 to avoid paying self-employment tax?
December 12th, 2024
I need tax records from 1962 for my husband and myself. How can I obtain these records?
March 29th, 2024
What if I don't file my tax return or extension today? I'm having a disagreement with my accountant.
April 8th, 2023
I received a 1099 form for 2012 reflecting Unemployment Insurance that I had to return due to circumstances not in my control. I have paid back all the money to the Unemployment Insurance Agency. Why did I receive a 1099, and should I include it in my 2012 tax return? Is there a place on tax forms to list the payment made to the Employment Office?
December 25th, 2023