asked
I was scammed by an investor who took $17,500 from me. He created a fake account showing daily progress in a binary investment company. When it was time to receive my payout, he insisted on upfront commissions. I paid him $17,500, but he never released my payout and has since gone missing. I reported this to the FTC. Can I deduct any of these losses on my taxes, and what documentation do I need to provide for this deduction?
August 3rd, 2024
For an LLC disregarded entity, how can the owner distribute income that was already taxed in the previous year without being taxed again in the subsequent year, especially when the cash flow from the LLC is insufficient to cover the distribution in the same year?
May 16th, 2024
My wife works from home in Kansas but gets paid out of Nebraska, and I work in Missouri but live in Kansas. We received a federal refund and refunds from Missouri and Nebraska, but Kansas wants to charge us $5,000. Why is this, and how can we avoid double taxation?
May 18th, 2023
I filed my taxes this year but did not include the sale of my house in Colorado and the purchase of my house in Texas. All the money I made from the sale was put into the house I bought. What should I do?
February 2nd, 2024
My husband filed an extension in 2013 but later we got married in May and filed a joint return. According to my tax transcripts, the filing status keeps getting adjusted to 'single' each time we file. How do I fix this?
May 24th, 2024
As a disregarded entity LLC sole proprietor, should I include my W-2 amount in the deductions for the business for tax year 2017?
January 15th, 2024