Are the registration fees for marathons, where the taxpayer participates to raise money for qualified charitable organizations, considered charitable deductions? Additionally, what are the rules for deducting mileage, lodging, and meals for these marathon ventures?

August 13th, 2023

Does my doctor get a 1099 from the insurance company which is paying for my visits?

February 21st, 2023

Two business owners want to transfer property from a C Corp to an LLC for liability purposes without incurring a tax liability. The land has a basis of $400,000 and is appraised at $4,000,000. Can the C Corp own the LLC to make the transfer tax-free through a capital contribution? If the C Corp is sued beyond its insurance coverage, can the LLC be liable for the transferred property?

February 2nd, 2024

My husband does not have insurance, but the doctor we found accepts sliding scale payments. I support him and I am self-employed, so he does not have proof of income. They told me to bring my taxes if I claimed him. If not, they told me to write a letter of support. I filed married filing jointly because I was told to do that even if one income. What does it mean by if I claimed him? How would that show on my taxes?

May 5th, 2023

In an S-Corp, what is the difference between a salary and a dividend withdrawal, and how do you take a dividend withdrawal if you are the head officer of the S-Corp?

April 12th, 2023