I have a Roth IRA that is invested in a Delaware LLC created for IRA fund investment. My $300 franchise tax is due. Can I pay the franchise tax with my personal funds, or should I pay it with funds owned by the LLC? I am listed as the registered agent and named as a manager in the operating agreement.

January 26th, 2023

I pay my ex-wife spousal support in the form of a base amount paid monthly and an annual true-up based on actual earnings after review of our tax returns by a court-appointed accounting firm. After receiving the outcome of their analysis, I sent her a personal check for a sizable amount of money via certified mail, which she received in October 2022. She has refused to deposit the check because she doesn’t agree with the court-appointed expert and wants more. I informed her that I will be including this amount on my 2022 tax return and taking the deduction. She claims that since she did not cash it yet, that I can’t claim it as a deduction and she will not be claiming it as taxable income. If I have proof of delivery dating back to October 2022 and her refusal to cash the check, how will the IRS look at this?

June 14th, 2024

My husband passed away in October 2022, and I am unsure how to proceed with filing taxes for 2022. My total income for the year was $45,303, including $26,000 in Social Security benefits and $19,251 in VA hardship benefits. I did not receive any government stimulus payments in 2021. What should I do regarding my tax filing, and am I eligible for any stimulus payments?

March 17th, 2023

How do I file an extension for my individual income tax return due to a reasonable cause such as hardship or mistake in filing, especially when my pension checks were suspended due to a missed form submission?

March 16th, 2024

Why is my federal refund being reduced by more than the initially quoted fees for filing both federal and state taxes, resulting in a lower final refund amount than expected?

August 28th, 2024