This is my first year filing tax return for my business. I'm set up as an LLC and need to file an extension. Do I need to file an extension before March 15th or can I wait until April 15th? I will be seeking tax advice to see how I should treat my filing status (sole vs. Corporation).

July 11th, 2023

I hired a contractor to remodel my kitchen for $11,500, but he left after receiving all but $1,000 and did poor work. I had to hire another contractor to redo almost everything, costing me $6,988. Can I claim a loss on my federal income tax for this, and how should I handle future repairs like the tile floor that needs replacement for $3,400?

December 27th, 2024

Can I lease a car through my business?

May 20th, 2024

I owned a home up until May 2016 and was a full-time student from September 2013 to the spring of 2016. Am I able to file taxes for these years even if I didn't have an income? I am located in South Carolina.

January 11th, 2023

We started a small business, loaned it money, and infused our own money to start it. After it became an LLC a few years ago, we asked if loan repayment to us is considered personal income. No interest was charged. Is there a tax code or case law that substantiates that loan repayments are not considered income?

July 25th, 2024