Luis Z. asked
I have been in business for over 20 years as a C Corp, but I have not taken a salary or filed personal income tax returns during most of that time due to financial difficulties. My business is now profitable, and I want to know how to properly move forward with my personal and business finances, including filing past personal tax returns and managing my current financial situation.
August 31st, 2024
Pedro P. answered
Given your situation, it's crucial to address past and current tax obligations to avoid penalties an...
August 31st, 2024
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If I bought an investment property in 2012 for $32,000, sold it in 2022 for $280,500, and purchased another property six months later for $90,000, how does that affect the capital gains on the sold property? Additionally, what is the impact of spending $12,000 preparing the new property for rent?
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I have been a victim of an online money scam where someone posing as an IRS agent has been demanding payments. I have already paid out a significant amount. Can this scam be stopped, and what should I do to protect myself and report this issue?
May 16th, 2024
