I have been a 30% partner in an LLC business for the past 4 years, and my partner has been unresponsive. We have agreed to dissolve the business, but I have no access to the books and the business account. I want to know if I have the right to collect my 30% distribution from the business account without my partner's consent, and how I can legally separate myself from the business to avoid future involvement.

June 16th, 2024

On a form 1120 - Schedule K question 11 - If you have a Net Operating Loss (NOL) and you do not check the box to forego the carryback period, can you just carry the loss forward or do you have to carry it back?

January 28th, 2023

If I sold a house last year and now selling my second one, how much exclusion can I claim?

April 2nd, 2024

My sister has a mutual fund where her IRA was placed. After this week's losses, can she write them off on her taxes for the next few years? I don't know what type of IRA.

May 20th, 2023

What are the tax filing requirements and tax rates for dividends for an LLC or C-Corp providing services from Cyprus, and how does this differ based on the type of entity and the source of income?

July 27th, 2023