asked
I rented out my home on Airbnb and had a tenant stay for 8 months, using all my linens, dishes, toiletries, and WIFI. I have 4 properties for Airbnb and want to know if this rental should be reported on Schedule C or Schedule E for tax purposes, especially since the tenant stayed longer than 30 days.
November 9th, 2023
Do I need a copy of my 2021 tax form to file my tax? If I don't have it, can I get a copy from the IRS?
June 14th, 2023
My identity was stolen, and I need an IP PIN to file my taxes. My online account was suspended, and I don't remember my username and password. How can I get a new IP PIN and resolve my account suspension?
August 1st, 2023
We are married and run an Airbnb property management business together, owning an S-Corp in California that splits everything 50/50. We want to create an LLC to own the house we rent out for legal asset protection. Currently, the house is solely in William's name due to city regulations, but the mortgage is under both our names. We want to know if the LLC must pay the mortgage and property taxes to remain legally viable and if there are tax advantages to running expenses through the LLC instead of the S-Corp. Additionally, we are concerned about the legal implications if someone sues us for an injury on the property, especially if the LLC doesn't handle mortgage payments or property taxes.
July 13th, 2024
I am married and file jointly, making approximately $25,000 annually. I realized when doing my 2022 taxes that my employer has not withheld federal income tax all year. My employer claims that the tax rules changed, and I now don't make enough to have federal tax withheld. However, I now owe over $1,500 in taxes. Is this true, and what should I do?
August 20th, 2024
What states require state filing for 1099, and do I need to file for an NJ-based vendor if I am from FL?
May 26th, 2023