asked
I have been paying contractors via Cash App for business tax purposes. Is this a problem, and can I legally issue a tax credit letter to individuals who have helped my 501c non-profit organization if I am unable to pay them and they wish to convert the owed money into a cash donation?
August 17th, 2024
A taxpayer sold their Schedule C business in 2022 for a lump sum, and the sale agreement did not separate the assets. How should the proceeds from the sale be recorded for tax purposes, and what steps should be taken to ensure accurate reporting?
September 25th, 2024
While doing my taxes using TurboTax, my Georgia refund amount unexpectedly went to zero. I am retired and do not pay state income tax. I had $2,000 withheld and expected a refund. What could be causing this issue and how can I resolve it?
December 12th, 2023
I am a foreign-owned single member LLC registered in the USA for selling on Amazon. I need to file IRS forms 5472 and performa 1120. I am unsure about how to fill these forms correctly and whether I need to calculate and pay tax on profit. Additionally, I want to know if I can send these forms through fax and if I can sign them electronically.
September 1st, 2024
Do retired firefighters have to claim all pension money for tax purposes?
November 25th, 2023
I am married, but my wife and I live 1300 miles apart in separate homes with separate bank accounts. Can we both file our taxes as SINGLE since we live apart and have our own homes to take care of?
January 3rd, 2024