I have a property in an S Corp fully owned by me in Michigan. I want to transfer the property from the S Corp to myself personally to avoid filing separate tax returns each year. What steps should I take, and what are the potential tax implications?

July 29th, 2023

How can I minimize the tax on capital gains from the sale of a house that was left to me in a realty trust? The house was not my primary residence, and I received a check for $116,200 from its sale. My regular income is approximately $60,000, and I have been retired for 15 years at the age of 79.

March 17th, 2024

I am starting an online business selling products on Amazon in the US market, but I am not a US resident and do not reside in the US. What taxes am I required to pay in the US and in my home country? Additionally, if I set up an LLC or corporation in the US for easier management of the online business, does that change where I pay taxes? Which business structure is best suited for an online business?

February 1st, 2024

What should my response be to my property management's form?

May 10th, 2024

I am 19 years old and worked full-time in 2019. When I tried to file my taxes, it was declined because someone else claimed me as a dependent without my permission. I received a letter from the IRS stating someone else has claimed me, and there was no indication of fraud. What can I do?

April 23rd, 2023