I have an $85,555 capital loss in 2022. I can only write off $3,000 each year. Does this limitation apply every future year, and will it take 28 years to write off this loss? If we have future capital gains, can the loss be used to offset those gains, and is it still limited to $3,000?

October 8th, 2024

When a company receives the Employer Retention Credit (ERC), is the reduction in federally taxable wages done in the year of receipt, or the tax period that the credit is attributable to? Does the taxpayer have a choice as to when to record the reduction in expense?

November 6th, 2023

My taxes were accepted on February 11, 2023, and I have not received any news since. I am located in Ruskin, Florida, 72 years old, married, and have one dependent. My typical filing status is married filing jointly. What should I do to check the status of my refund?

April 13th, 2024

Do I need to file separate tax returns for PIT, AI, and my personal tax? What tax forms do I need to file for PIT and AI? Can AI manage and invest other people's retirement and after-tax money, and if so, what are the necessary registrations and compliance requirements?

June 10th, 2024

November 21st, 2023