asked
I have been asked to fill out the ACRIS real estate tax forms for a married couple with two children. The father passed away in 2022 and owned a co-op in his name only. The wife wishes to transfer the co-op into her name. Does she become the grantor instead of the husband upon his death? What is considered the condition of transfer and details of consideration?
September 13th, 2023
I received approximately $1700 through my old business PayPal account, which is now labeled as 'goods and services' and will trigger a 1099-K due to a new law. The money was actually transferred from my personal account for personal savings, not for business purposes. The account has since been changed to personal and closed. How should I report this 1099-K on my taxes, and do I need to claim friends and family payments as income if they were made after the account became personal?
March 13th, 2023
Siblings own jointly properties under different LLCs or S corporations. How can they exchange or swap properties where each one will own 100% and be 100% owner of the business entity as well?
May 22nd, 2023
I am currently waiting on my employment authorization to work in the United States. I believe that my Social Security number and EIN will also be provided, once this has been received. I’m currently employed by a U.K. company, which I am a director. How would US social security payments be worked out?
May 29th, 2024
Where is the NYS NYC PTET deduction reported on the personal NYS state tax return?
July 26th, 2024
I've been scammed and I gave them my social security number. What should I do to stop them from taking my social security?
July 13th, 2023