How do I change my tax withheld, and what steps should I take to do so?

December 17th, 2023

If I incorporate my business and have no profit during the year, do I need to pay any fees or taxes?

November 26th, 2023

A client has six years of unfiled taxes. He is divorced with joint custody of his kids, and he and his ex had a verbal agreement for tax deductions. When he filed back taxes, he discovered his ex-wife had already claimed the deductions for earlier years. His ex-wife has a higher Adjusted Gross Income (AGI). Does the ex-wife automatically win both kids' deductions due to the tie-breaker rule based on higher income, even though this was not stipulated in the court decree and no forms were signed?

May 6th, 2024

I am trying to get a mortgage loan for a primary residence. I have no W-2 income in 2016 but have K-1 and capital gains income. In 2017, my W-2 income was ~$26k (also with capital gains & K-1 income), and in 2018, I expect my W-2 income to be $115k. Will I qualify for a mortgage in 2019? I have cash ~$130k (mostly from the sale of my last house), liquid assets > $220k, and other assets > $100k (LLC real estate investments).

February 7th, 2023

I used TurboTax to file my taxes and paid $4078 to the IRS on 3/29/18. On 4/17/18, I received a $1000 check marked as a tax refund with no explanation. Why did I receive this refund?

February 11th, 2024