As a paid professional athlete playing for a professional sport club in the Netherlands, can I claim expenses such as commission for my agent and service fees for my personal coach as tax deductions and file these taxes to get refunds when the sport club files taxes for my salary?

April 17th, 2023

I need my AGI from my 2021 tax return. I filed online with Turbo Tax and do not have access to my IRS account. Is there anything else the Accountant should know before I connect you?

May 12th, 2023

I sent a personal check to the IRS office in Louisville, KY on Sept 5th with my form 1040-ES for my quarterly estimated income tax, but as of today, my check has not cleared at my bank. Do I allow more than a month expecting it to clear, or stop payment on the outstanding check and reissue a new check? If reissue, what document is required to assure it is properly recorded and avoid any late penalty?

November 27th, 2024

Our company failed to add 25 people to our 401(k) plan who became eligible for safe harbor and match in 2022. We provide a 3% safe harbor contribution once eligible with an opportunity for up to an additional 2% match. Our auditor says we have until the end of December to true up without needing to calculate any lost earnings or missed deferral opportunities. How are we not late according to the IRS/DOL, and do we have an obligation to make up for interest and lost deferral opportunities?

August 8th, 2024

I am doing a clean-up of my 2022 S-corp taxes on QuickBooks and need to estimate my wages as the owner who didn't receive a salary. How do I rectify this issue and what steps should I take to ensure proper reporting?

November 16th, 2024