What are the tax benefits of having a sole proprietorship, and what are the major differences in tax filing requirements and deductions between a sole proprietorship and an incorporated business?

August 3rd, 2024

I am the Treasurer for a Non Profit, Wichita Rose Society, an affiliate of American Rose Society. I filed a 990N form in February, but have questions about whether the IRS has accepted the form. In August 2022, our previous Treasurer received a notice from IRS that they had no record that the Form 990N had been filed for Wichita Rose Society and that our tax-exempt status was revoked. She wrote a letter to IRS but I do not see any response from IRS that her letter of explanation was accepted. What steps can I take to verify the status of our tax-exempt status and the acceptance of our Form 990N filing?

February 1st, 2023

American cruise lines refused to honor or refund the $9200 we deposited for a cruise in 2020 due to pandemic extensions, a death preventing the cruise, and an omicron outbreak in Massachusetts in 2022. We sought an extension, not a refund, but were denied. Could that be deducted as a bad debt since it is irretrievable?

September 6th, 2023

Please may I have my transcript?

October 19th, 2024

I have a single-member LLC with no income reported last year due to mistakenly using my SSN instead of my EIN. I want to file business taxes for my LLC to roll over my expenses and tax deductions to the next year. How should I proceed, and what is the deadline for filing an amended return?

March 26th, 2024