I have a problem with filing my stepkids on my tax return as dependents. My wife's sister has been filing them for the last 3 years, and I haven't received any tax benefits. I am head of household and have proof that the kids stayed under my household, including school records and social service paperwork. I need assistance in proving that I am owed money from the IRS for those years and resolving this issue.

February 12th, 2023

If I have capital gain losses from 2022 and capital gains from 2023, can I use the losses from 2022 to offset the gains from 2023 or future years?

October 20th, 2024

I am an owner of a single-member S-Corp (IT consultant) and a multi-member LLC (Transportation Domain). I haven't paid myself any salary from my S-Corp this year and expect a net income of $100k. I also need to contribute $40k from my S-Corp to my multi-member LLC for a capital investment (buying a truck). What is the best way to handle payroll, 401k contributions, and the transfer of funds for this investment, and how does Section 179 and bonus depreciation work in this context?

August 20th, 2023

We bought our property in 2020, which consists of two 2.4-acre lots with one house. Our mortgage company changed hands, and we sent payments to the new mortgage company. We recently received a notice of delinquent taxes on the other parcel we own. The current mortgage company claims they knew nothing of the other parcel, which is clearly stated on our deed from the original mortgage holder. We were paying enough money originally to cover everything. Now the county says they are taking the property due to delinquent taxes. What should we do?

October 14th, 2024

What would the late fees be on Form 990 if it is due today and still pending, with gross receipts of $279,000?

March 27th, 2023