I have a mortgage on my primary residence and a fully-paid off duplex rental property. If I took out a mortgage against the rental property to pay off the mortgage on my primary residence, would the mortgage interest be deductible on my Schedule E?

November 26th, 2024

I am trying to file an extension for my S-corp business, how do I start?

March 25th, 2024

A client received $10,000 to vacate his rental apartment to avoid eviction proceedings. Is this taxable income, and if so, how should it be reported? Additionally, how should $2,500 paid to an attorney for making the settlement be treated for tax purposes?

July 13th, 2024

I filed an estimated tax payment with the wrong voucher date. The voucher was for January 2019. Who or what do I do?

November 21st, 2023

If a C-corporation has bank debt cancelled, which was guaranteed by the shareholder, is there cancellation of debt income to the shareholder or does it stay with the corporation?

January 1st, 2024