asked
In an S corporation, how should the ending basis be calculated when the beginning basis is negative due to prior year losses, and how should excess equity be handled when there are no liabilities?
December 9th, 2023
I want to start an online trading company for stocks, EFTs, mutual funds, etc. How do I go about setting up this business to get tax write-offs? I already have other sources of income and will be the sole owner and operator of the business. What is the best business type, such as S Corp or LLC, for this purpose?
December 15th, 2024
I owe $771 on my 2021 Income Tax and can't afford to pay it all at once. Can I make payments? I am located in Fairborn, Ohio, I have one dependent child who is 19 years old, and my typical filing status is single. I made approximately $42,509 this year, and I also owe $900.
November 13th, 2024
I filed my business tax electronically and there is a balance due. After filing, I found that many expenses were not included, which results in a refund. I am filing an amended return. Should I still pay the original tax due from the first filing and wait for the refund on the amended return?
May 3rd, 2023
I have misplaced my Social Security 941 for year 2021 and need a copy for filing my taxes. What should I do?
February 28th, 2023
My mother received a letter saying she had a refund coming for the year 2020, but she passed away in January 2022. What should I do about this refund?
July 19th, 2023