As a student on an F1 Visa, am I required to file for FBAR, and does any financial help received from my parents (to pay rent, etc.) need to be reported in my tax return?

May 31st, 2023

I made a payment to the IRS, but I'm not sure if they received it. Can you help me find out if my payment went through?

May 19th, 2024

As a partner in an S-Corp taxed as a partnership, if the corporation shows $100,000 of net income on the K-1 but I received no distributions, will I have to pay personal income taxes on the full $100,000, or only on the distributions received?

June 26th, 2024

My accountant filed an extension for our corporate taxes and we filed both our personal and corporate tax returns before the April 15th filing date. We have documentation for this. The IRS is charging us late fees, despite our accountant repeatedly contacting them. One of our corporations has even been sent to a collection agency. How should we handle this situation?

November 19th, 2024

I have W-2 income as a statutory employee and also 1099-NEC income that is all related to the same business. Can all of this income be put on one Schedule C or does it need to be separated? If separated, do I report all of my expenses on one or the other Schedule C?

November 2nd, 2024