A taxpayer has a single premium universal life insurance policy with a large loan balance. If he surrenders the policy, there will be a large amount of ordinary income in the year of surrender. What would be the taxability of the loan balance if the taxpayer dies, and should he pay the interest on the loan balance to avoid the taxable income on surrender?

December 9th, 2023

My husband and I founded an LLC based in Virginia. We recently moved to France and are unsure how to proceed tax-wise. The client base is in the United States, and any sales will be taking place in the United States. We do not have significant revenue yet, and there is no U.S. office. The software was developed and there were a few U.S.-based sales, but no active marketing/sales efforts. Any future marketing/sales efforts would be directed to the U.S. but conducted virtually from France. What are the tax implications for our situation?

August 2nd, 2024

I am on disability and didn't file taxes last year. I am 55 years old and have no minor dependents. My fiancé's car has broken down, and we are trying to find out if I qualify for any more stimulus checks. What kind of information do you need from me, and how can I claim any missing stimulus payments?

July 22nd, 2023

I need a statement showing that I haven't filed any taxes in the last 3 years. I am located in Plymouth, MI 48170, single, and receiving SSI.

March 1st, 2024

I mailed our joint tax return for 2020 on March 11, 2021, for Donald and Barbara Kitchen, and have not yet received our tax refund of $8221.00. What should I do?

August 4th, 2023