If you are age 67, on Social Security, pay $1200 for Medicare Part B, and are self-employed with a small business, will the Medicare payment count as an adjustment to your income on your 1040, but not be deductible as a business expense on your Schedule C?

June 29th, 2024

I am an Australian citizen and resident receiving alimony payments into a US bank account. I returned to Australia in August 2014, filed US taxes for 2014, but have not filed taxes for subsequent years, believing my permanent residency was revoked. I visited the USA for 21 days in May 2015, otherwise, I have been in Australia. What should I do now regarding my tax obligations?

March 3rd, 2024

I need to obtain the EIN number for the Estate of Richard Tee who died on July 21, 1993. The Estate exists but I cannot locate the EIN. How can I find this number?

January 4th, 2024

We are planning to buy a property for investment and are considering opening an LLC for the property investment. We have several questions: 1. Should we open the LLC before making an offer on the property, or can we buy the property under our names and transfer it to the LLC later? 2. Should we open the LLC under both my husband and my name, or just my name? I am a stay-home mom with no income. 3. Can we use the expenses for property repairs and improvements for tax deductions? 4. What are the tax implications of forming an LLC in terms of filing jointly and managing the property's expenses?

September 12th, 2023

Hi - I'm setting up a new company in Quickbooks and have a question about the Owner Contribution / Owner Equity account. I would be really easiest to speak with someone on the phone, if possible. Would someone be able to call me at (###) ###-####?

November 10th, 2024