I was advised by social security to inform you that I do not want my social security check affected at this time. I was born in 1948 and am retired. My primary sources of income are teacher retirement and social security. Is there anything else the accountant should know before connecting me?

November 14th, 2023

I have been waiting on my tax refund since March and have no idea of what's going on. I am 39 years old, single, with no dependents, and my expected refund amount was $613.00. What should I do to track my refund status and what could be causing the delay?

August 1st, 2023

NC state sent a letter demanding other state filings, federal filings, all W2s, 1099s, and K1 state unemployment. All were filed by Tax Act and checked before filing. Why should I provide this information when they should be able to see it by checking with other documents and agencies? Is it necessary to provide all this information, and what about self-incrimination?

August 8th, 2024

If I set up a separate entity for crypto trading and purchase new Bitcoin under that entity at the current price, would the cost basis for any sold Bitcoin be the price from my previous Bitcoin purchases, or would it be the current purchase price under the new entity?

April 24th, 2024

We have recently formed a five-member partnership LLC and have two vehicles financed with personal loans that will be used for at least 80% of our business travel. Can the LLC cover 80% of the monthly loan payments, and if not, what expenses related to these vehicles can be reimbursed by the LLC? Additionally, can a vehicle become an asset of the LLC while the member continues to make the loan payments, and what are the implications of transferring vehicle ownership to the LLC? Finally, what are the tax implications and best practices for deducting business-related vehicle expenses and other business deductions, such as restaurant meals during business travel?

October 19th, 2023