asked
I had a DBA and a single 401k and borrowed money. The DBA is no longer and it is time to requalify for the single 401k. Can I form an LLC and transfer the single 401k so it allows me more time to pay the money back and avoid the taxes?
June 20th, 2023
I am required by the IRS to file a form 433f for collection purposes for taxes from pre-2007. I was single until Feb. of 2007. I was married in Feb. 2007 and will be filing as "married but filing separately" for 2007 taxes. Do I have to provide my spouse's information, payroll stubs, credit cards, and debts on the Form 433F, if she was not a party to the pre-2007 taxes? Does this make her wages/debts subject to inclusion in the calculation of the amount that IRS will bill to recover my back taxes?
May 3rd, 2023
If my itemized deductions were larger than my income, as shown on line 38 of my tax return, do I only get back what I have paid in? Why do some single women with kids, receiving child support, etc., get back more than they paid in?
May 2nd, 2023
I am an American citizen with residency in Ecuador and I run a tour business. I received payments for a tour in 2018, but the tour itself took place in 2019. Which year should I claim the income for tax purposes?
November 9th, 2023
I'm trying to set up a memorial scholarship fund and I'm not sure how to create a bank account for the donations received. Should it be set up as an incorporated business or a nonprofit, and what would be the best option for me?
January 6th, 2023
Can I deduct the $1,200/month childcare costs as a business expense for my self-employed consulting business in Indiana, given that I am the sole physical custodian of my younger child and need childcare to continue working and generating revenue?
August 1st, 2024