asked
I owned an S corporation in Michigan that shut down and no longer exists in the state. I received a bill for taxes due from 2009, long after the corporation was closed. Taxes were paid at the time of the return, but the state said that after reviewing the return, there is a balance due. I had a tax firm complete the tax returns. The company is no longer in operation. As the sole officer, am I responsible for the state of Michigan tax debt?
February 6th, 2024
How do you report 401K contributions for partners on a K-1, and should these contributions be included on lines 19A as distribution and on line 13R (pension & IRA)?
November 10th, 2024
Where should I report the amount paid on the beneficiary's behalf from the principal on the beneficiary's K-1, and how should I indicate that it is not taxable to the beneficiary?
February 28th, 2023
I have a wholly owned California corporation that is no longer active but has funds. When I take distributions from this corporation in the form of dividends, are they qualified dividends or ordinary dividends?
August 24th, 2024
I need a CPA. What is your question?
May 21st, 2024
Can I list my wife on my 2016 federal tax returns? I brought her to the USA legally under a K1 visa, and married her in 2016. She just received her work authorization and social security number in 2017. She had no wages or income in 2016. She does not have a green card yet. Is there any reason why I can't include her on my 2016 tax returns? Please explain.
March 5th, 2024