How old are you? Do you have any dependents? What is your typical filing status? Do you know roughly what you made this year? Is there anything else the Accountant should know before I connect you? Last year I started a business, buying inventory of about $7,000, not sure if matters because of the Standand deduction rate.

May 25th, 2024

What is the process to dissolve a single member LLC in New York City, and what are the implications regarding debts and tax obligations?

April 6th, 2024

I'm dissolving a single member LLC in NYC that lost 1M USD. Investors were given safe notes, not shares. What information do I need to provide them so that they can claim it as a business loss?

April 8th, 2024

What are the tax brackets for married filing jointly, and is it better to file separately if the wife has more income than the self-employed husband?

February 17th, 2024

In the case of a non-cash liquidation distribution of inventory from a closed corporation, would the distribution be considered a long-term capital gain to the shareholder?

August 3rd, 2024