I am self-employed and over 65. I need to know if self-employed income is exempt from Medicare taxes, what other deductions specific to my situation are available, and how to pay for your services.

June 28th, 2024

My wife and I want to purchase real estate for investment and long-term growth using our LLC, of which we both have a 50% interest. We plan to fund the LLC with personal money, her Self-directed IRA, and my Self-directed IRA. Are we able to do this without breaking the prohibited transaction rules, and how should we set up this transaction correctly?

July 20th, 2024

How much tax will the estate owe on a capital gain of $101,000 from a variable annuity (Hartford) in my dad's revocable trust?

January 15th, 2023

My husband filed for divorce and is requesting that I date the divorce after Jan. 1st, 2014 so that he can file taxes jointly and benefit from the losses of my business. I made no money this year but have accumulated debt of about $11,000 for business equipment. Should I file jointly with him and use the debt this year, or wait to use the debt on future tax returns when my business makes money? If I file with him to help him avoid owing taxes and he receives a tax refund because of my losses, am I entitled to 100% or only the $11,000 that covers the debt?

September 13th, 2024

I am an American citizen living in Argentina and want to create an LLC in the US as a non-resident. Some companies offer to create an LLC for me, providing a virtual office in the US and helping with all the paperwork. Considering I have not filed 1040 forms since 2001 and due to the Foreign Earned Income Exclusion, I don't owe any money to the IRS, are these services reliable, and is it safe for me to create an LLC?

February 5th, 2023