asked
If an S-Corp owns 99% of a foreign corporation and the foreign corporation loses $100k, does that loss flow through to the S-Corp? If the foreign corporation were a controlled foreign corporation, would there be subchapter F considerations, and would we have to pick up the income?
October 13th, 2024
At what income level do you stop paying Social Security tax?
October 15th, 2023
What are the income tax rules when a taxpayer assigns income to another taxpayer for personal services rendered, such as a baseball player assigning a portion of his income to his children?
January 21st, 2024
For year 2006, can I deduct mortgage interest if I am on the deed for the home but not on the mortgage loan?
June 2nd, 2023
Does adding extra notes make payoff faster?
October 4th, 2024
If I withdraw $17,000 from my wife's IRA, which would total $17,000 for this year, would I pay capital gains or any other penalties on all or any portion of that withdrawal? We live on Social Security and I get $1,000 per year pension. We live in Florida.
March 12th, 2024