How are quarterly taxes figured?

August 28th, 2024

My husband and I are 50% shareholders of an S corporation. He passed away in August 2015, and I am late filing the S corporation return. I am the only beneficiary of our estate, which went into probate in July 2016. I need to compute the stock basis of his shares. We incorporated in 1995, so there are many years of gains and losses. How do I change his stock from 500 shares to zero for 2015 and file the return? Additionally, we were a C corporation the first year before choosing S status, and we have earnings that were taxed of $88,000. How does that play into the tracking of the basis of the stock?

July 25th, 2024

If we buy a residence in Puerto Rico, are we federal tax exempt?

December 16th, 2023

I lived in California from 1/1/06 until 3/17/06 and then moved to Oregon on 3/17/06. How do I file my state returns?

May 8th, 2023

If I loaned money to someone who was supposed to pay a small interest fee but ran off without paying, can I claim the loss on my tax return? The court ordered him to pay me but allowed him to return to his home state without paying. I haven't received any money and don't have the resources to chase him across the country. I want to know if I can claim this as a loss or theft on my tax return and how to do it.

May 15th, 2023