If I contribute stocks to my Delaware LLC based on their fair market value (FMV) and later transfer them back to my personal account, will this be considered a distribution valued based on the stock price at the time of the distribution? How should I report the price difference between the distribution and the contribution on the K-1, specifically on the line for 'other increase (decrease)'?

April 23rd, 2024

Cd premier not loading. Have used cd for years. Bought from Costco. Reinstalled twice. Spins 20/30 seconds then silence. No icon. What should I do?

January 3rd, 2024

I have a question about Form 1099-NEC. My 1099-NEC does not have a state mentioned. Which state should I file the Form 1099-NEC with?

February 4th, 2024

I earned $50,000 working until I retired in May and have not worked since. Is my Social Security taxable after I retired?

June 12th, 2024

How can I file foreign trust income as a gift of less than $100,000 in Austin, Texas, for the tax year 2023, and what forms do I need to fill out?

March 14th, 2024