asked
I have a new business established as an S-Corp in the IT field. Can I hire my partner as an employee, and what about other friends or family members? Additionally, I am considering a corp-to-corp arrangement with another vendor. What steps should I take to set up this structure, and what expenses can my company cover for employees?
March 21st, 2023
Why is the Alternative Minimum Tax (AMT) relevant to Cancellation of Debt (COD) income?
July 31st, 2023
A closely held 100% owned PHC with a 3/31 year end - the owner died in 2018 - the corporation has $75,000 in cash that it wants to distribute to beneficiaries of the owner's will - can distributions be made to the beneficiaries with no tax effect to anyone? If not, what would need to be done - for the moment the corporation cannot be closed due to the ongoing receipts of royalties and the checks are made out to the corporation.
October 27th, 2023
I inherited a home and have lived in it for about 5 months. I want to sell it but want to avoid capital gains tax. How can I do this?
June 7th, 2023
As a first-time self-employed filer, I need help understanding how taxes work for self-employed individuals. Specifically, I want to know how deductions affect my tax liability, how much I should be saving for taxes, and if I need to make quarterly tax payments.
January 20th, 2024
In 2017, I had a mental health crisis and was unable to collect W-2s from numerous jobs and unemployment to file a tax return for the year 2016. Now that I am functioning normally, what should I do about my 2016 tax return?
January 27th, 2023