I just applied for an EIN number, but instead of being asked to file Form 941, the IRS asked me to file Form 943, which I understand is for agriculture businesses, and I have a nails business. Can I change to Form 941, and how do I change it with the IRS?

January 3rd, 2024

A client never filed his 2020 tax return. He was supposed to get a refund. Can he still file to get the refund? Consider both scenarios: 1) If he filed a 2020 extension and 2) If he did not file a 2020 extension.

November 13th, 2023

My business partner stole money from the business without authorization. How can I ensure he pays taxes on the money he took, and am I liable for those taxes?

March 15th, 2024

I am the sole income earner in my household consisting of my wife, son, and myself. My job offers bad insurance, but because they offer insurance, we are not eligible for the marketplace because we file jointly. What are the advantages and disadvantages of filing married-joint vs married-individual?

April 19th, 2024

If I have a shop that I rent and it needs to be repaired, should I expense the whole amount or depreciate it?

October 11th, 2023