asked
I received a 1099-NEC for doing some work online. Do I have to file it and how do I do that?
July 31st, 2024
How do I update my address and contact information with the Social Security Administration (SSA) and the IRS, as it has changed?
September 20th, 2023
I need the IRS Form W-4P sent to my email account. Can you provide a blank form for me to fill out and send to my insurance company?
November 25th, 2023
I am a sole proprietor using the same checking account for both business and personal transactions (planning to split them soon). I'm currently entering business-related line items into the QuickBooks business account and personal items into the QuickBooks personal account. How do I reconcile the bank account in this situation, and how should I handle entries that need to be logged into the other account? Specifically, if I don't log business payments into the personal account, it will show a deficit. What is the best way to manage this?
November 13th, 2024
Is income considered an asset when determining insolvency with the IRS, and if a co-signer receives a 1099C for cancelled debt, will the IRS come after the co-signer for tax on that debt?
August 4th, 2024
My wife and I sold our primary residence in Oakland, California, in November 2018. I had retired and over the 5 years before the sale, I resided in our California residence for 2 years off and on as I traveled to Oregon and spent time there in a rental. My wife spent only about 150 days in our California home as she was in school in Oregon. Can we claim a $250,000 deduction from the sale profit on Schedule D?
July 5th, 2024