If an owner (active) sells a book of clients from his S-corp, is the sale subject to the net investment tax as well (besides capital gain)?
November 29th, 2024
I need forms to correct my W2 based on Adjusted Gross Income (AGI). I have been trying to access my IRS account since April but keep getting a password error. I also need to know how to obtain my 2020 tax return or AGI if I don't have it.
November 17th, 2024
I took money from my 401k to purchase a home, but the deal has fallen through and interest rates are rising. What can I do with the money, and if I don't find another home, can I keep the money and pay the penalty and taxes on it?
March 17th, 2024
I have a C-corp business and noticed that for the last 4 years, my tax returns listed me with 75% ownership instead of 81%, and the minority owner with 25% instead of 19%. Is this a significant issue that requires amending the tax returns?
October 5th, 2024
What options does a taxpayer have if they moved out of a state with income tax to a state without income tax, but paid state taxes in the prior state and did not receive the full refund when filing?
February 23rd, 2023
What are the tax breaks and benefits for cemetery properties in Anderson County, Tennessee, and what are the specific requirements (such as the number of bodies on the property, public accessibility, or public purchase of plots) for a property to be considered tax-exempt?
April 26th, 2024