I turned 71 in August of 2023. I saw something on the internet that suggested I should have deducted some IRA payments before now. Is that correct? I have no dependents and my typical filing status is single. My income is around $70,000 to $80,000 from a government pension and investment returns.

April 13th, 2024

I have a LLC structured as a partnership with a 50:50 ownership. We are a new business with no employees but plan to set up an Employer-Based Health Insurance plan. What are the tax implications in setting up an Employer health insurance plan in California, and does it make more financial sense to get insurance through the non-employer based marketplace?

July 16th, 2023

I have a client who put his real estate assets into an intentionally defective grantors trust for his children about two decades ago. The trustee found 8 properties with liens on them that expire in 2027, under the grantor's name, even though the grantor was not the owner. The IRS won't release the liens until 2027, despite the ten-year statute of limitations on collections due to a late assessment. Is there any solution other than waiting until 2027?

August 13th, 2024

How can I change my tax address and obtain my missing tax transcripts from the IRS?

March 24th, 2024

Do I need to report the allocable share of deferred DISC income from a K-1 from an S corporation as interest on Form 1040 for the taxpayer?

October 30th, 2024