asked
I need to sign up for the program that allows a specialist to prepare or review my return. I earn $100,000 from Kensington, and the remainder of my income is social security, a small pension, and interest totaling $65,572. My wife and I file jointly. Can I use the QBI for the entire $100,000 since I am below $326,600? What happened to my account from 8-10 years ago?
August 7th, 2024
As a dual citizen of Canada and the US living in Texas, do I need to pay tax on my OAS and Canada pension income, even though Canada did not withhold taxes on these benefits?
October 6th, 2023
I'm selling two houses and want to figure out options to cut down the tax liability. One house was acquired in 2010 for $490k and has been a vacation rental, now selling for $1,875,000. The other house was acquired for $425k, underwent a total remodel costing $700k, and is my primary residence, now selling for $2,100,000. What are the tax implications for these sales, and how can I minimize my tax liability?
January 16th, 2023
Does a foreign partner in an LLC, who is a nonresident alien and earns income sourced from outside the United States, need a US ITIN and need to file a ZERO US tax return?
February 26th, 2023
I am looking for a list of all tax practitioners with PTIN from the IRS site to send them marketing material about my tax resolution services. Is there a specific link on the IRS website that provides such a list?
October 6th, 2023
I am a resident of Florida but own a New York law firm (S corp) and a Florida LLC. I started taking money out from my New York law firm, and I want to know how to structure this income to maximize tax benefits. Should I take part of it as payroll and the rest as a distribution to my Florida LLC?
September 7th, 2024