Concerning the new 3.8% Medicare Tax, do we need to pay it? I believe we should be considered Real Estate Professionals. My wife and I have two retail shopping centers and four residential houses. We spend over 751 hours per year dealing with insurance issues, visiting properties, and managing property managers. Our net income from these properties is our only income plus social security and some income from stocks. When we sell a property and search for a compatible 1031 exchange, we work 15-16 hours a day and travel extensively. If you have any questions, please ask.

December 31st, 2023

For a S Corp with E&P, how should distributions be treated if there is negative AAA and positive Accumulated E&P, and how should past errors in treating distributions be corrected for future tax returns?

August 8th, 2024

Do I send my 2021 1040-ES payment vouchers with separate checks along with my 4868 form for an automatic extension of time to file my U.S. individual income tax return in the same envelope?

November 9th, 2023

How can I obtain a copy of how long I have been on disability?

December 6th, 2024

I don’t have my W-2. I got out of the military before 2021 ended and I couldn’t get my W-2. Where are you currently located? How old are you? Do you have any dependents? What is your typical filing status? Do you know roughly what you made this year?

January 1st, 2023