If I take out a mortgage on my primary residence and use the proceeds to buy a rental property, can I deduct the interest on the mortgage for tax purposes, and is it better to take out a mortgage on the rental property or on my primary residence for tax implications?
November 16th, 2023
If I buy a building that I use half in business and rent the other half out, is my interest deductible?
December 22nd, 2023
I filled out my marital status as joint on my W-4, but I am filing my tax return as married filing separately because my husband lives in another country and does not have an SSN or ITIN. Will this difference between my W-4 and my tax return situation cause any trouble?
July 30th, 2023
Does federal retirement money qualify as money earned in Delaware for state tax purposes?
February 13th, 2023
I invested through a single member LLC in a cryptocurrency mining pool. The mines generated cryptocurrencies which I was awarded (for a given $ value). I am trying to figure out which tax form I need to file for 2018. Additionally, I want to know if I will be subject to self-employment taxes, as I did not actually do any of the mining and consider myself an investor.
December 16th, 2024
I have 3 corrected 1099's to resend and 2 1099s that I did not have all the info for. Is it too late now? If I know I will be penalized, can we take it off as a business expense if we haven't sent a 1099 to the contractor? Or will the business have to bear the penalty?
April 7th, 2023