As a part owner of a liquidating heavy highway construction company, I have capital gains from my investment. I want to avoid taxes. Can I reinvest these gains in property or does it need to be another business? Can I avoid tax by maxing out contributions to 401K/IRAs or gifting to children, especially if the child is under 24 and jobless?

January 18th, 2024

I received a mail from the IRS about the Economic Impact Payments (EIPs) under the Coronavirus Aid, Relief, and Economic Security Act. I am an international student on an F1 visa and mistakenly claimed the aid. I learned that it is only for resident aliens, not non-resident aliens. What should I do to avoid future trouble while applying for OPT, H1, or paying taxes for this year?

January 1st, 2023

I’m still waiting on my federal tax refund that I filed mid February. I talked to a Ms Hightower at the IRS advocate and she filed a request for me on 11-18-20 and told me to wait 4 weeks and then call back. I’ve been unable to reach her and would like to know about my refund. I received social security for a little while and then found out I wasn’t eligible and have been paying it back at $350 a month. Didn’t have an issue last year and I filed the same way. I have been using the same tax agency for over 15 years.

September 25th, 2024

I published a book and am wondering if I should register an LLC to report the income. I am 55 years old, married with no dependents, and made approximately $113k this year. Where are you currently located?

September 11th, 2024

Whose responsibility is it to pay the solid waste tax when another dry cleaner shares the rented premises and uses our equipment, and are we liable if they do not pay their solid waste tax?

October 29th, 2024