If I filed my taxes and they were accepted and being processed, but then I received a letter stating I had Obama care for 3 months but had insurance from my job for the rest of the year, and I faxed the letter back to the IRS, how much time will it delay my refund?

September 3rd, 2024

In the state of New York, who pays the bulk sales tax in the sale of a business? Buyer or seller? Additionally, what is taxable in a bulk sale, and how are quarterly payments calculated for self-financed business sales?

July 4th, 2023

Under the new tax law, how does the Disaster Relief Bill affect the penalty for early retirement withdrawals and the casualty loss deduction, especially in federal disaster areas like the flood in Louisiana in August 2016?

October 29th, 2024

My wife and I own houses in Wisconsin and Florida and currently claim Wisconsin residency. I own a consulting business based in Wisconsin but am currently working from Florida. We are considering changing residency to Florida to save on state income tax and qualify for Florida's homestead property tax exclusion. Would it be better for both of us to claim Florida residency, or for only me to claim Florida residency while my wife remains a Wisconsin resident? We also have a large amount of unused capital losses in Wisconsin that might be lost if we both leave the state.

March 22nd, 2023

Can I file my personal taxes with my company's K1 before my company actually files its taxes?

September 22nd, 2024