asked
I sold a house last year, but I just received a bill to pay taxes for it. I bought the house from the St. Louis City tax sale and sold it in February of last year. I paid taxes for last year, but I'm now getting a tax bill for this year. What should I do?
August 27th, 2023
Can a Multi-Member Limited Liability Company (MMLLC) deduct a vehicle registered in the name of an individual LLC member but used for the MMLLC's day-to-day business under Section 179? If so, how should the deduction be calculated, and are there any limits to the deduction amount?
January 24th, 2024
How should I handle estimated tax payments after converting a sole proprietorship to an LLC taxed as an S-Corp, and how do I ensure my W-2 withholdings are accurate and sufficient given my multiple income streams?
July 10th, 2023
I have not filed taxes as I am in rehabilitation. I am 84 years old with no dependents and made about $14,348 in 2021. I used AARP to do my taxes last year and am not taking itemized deductions, just straightforward ones. Do I need to file taxes this year, and is there any AARP volunteer who would do my taxes for a low cost?
November 17th, 2023
What can be included when calculating the adjusted basis for a property, such as a home, and what determines the capital gains tax rate?
June 26th, 2023
I’m an ex UK citizen and I’m now a US citizen. I have 7 UK rental properties with mortgages that I will be able to pay off soon. Before I do so, would it be best for me to pay them off and purchase them through a US LLC? How does that affect my tax situation? Will I still have to submit a UK tax return? Apart from the properties, I have no other source of income.
March 15th, 2023