My wife and I are planning to start an LLC to buy Airbnb investment properties, including building a tiny home on our property for my mother-in-law. We want to know if the costs of building the home or the mortgage on that property are deductible, and how we can lower our tax liability through deductions in our LLC.

May 17th, 2023

I received a letter from the Department of the Treasury Internal Revenue Service. The letter states that the IRS is conducting an investigation and I may have information relevant to the investigation. The letter includes a phone number. Can you help me determine if the letter is authentic or fraudulent?

June 5th, 2023

I need to check if my tax refund is being processed by Unique Tax, as I have not received it since visiting their office on February 8. How can I check the status of my tax refund?

April 28th, 2024

How can I change my bank account for Social Security direct deposit?

April 26th, 2024

I'm in the process of closing on a house I've owned for a year, which is a second home. I'm wondering if the new capital gains tax laws will apply to this home sale and if I may be able to have a 0% tax rate since I will make $44K or less from my regular income. Additionally, I purchased the home for $65,000, invested roughly $20K, and there will be $16K in realty fees at closing. The sale price should be $274,900. I'm being told my capital gains will be roughly $173,900. The house has just sat for a year, no rental history while I owned it. Are there any deductions that could be used to reduce the gain?

May 1st, 2024