I have received a check for $200,000 through an inheritance and would like advice on how to minimize the tax consequences.

February 15th, 2023

We purchased a rental property in Missouri last year and set up an LLC in Missouri. I live in Illinois now. In order to file the state tax in Missouri, do we need to file Form 2643, which is the Missouri tax registration application? The form seems to be for people who will have a business in Missouri, but I am not sure if we even have to fill out the form other than the state tax return. This is because most of the questions do not apply to the real estate rental.

March 12th, 2024

If you are an American citizen living permanently overseas (England) and only have income from that country and pay taxes there, with no American income or assets, do you need to file a US tax return?

November 20th, 2023

If a couple is to file separately and lives in a community property state, how do they follow the community property roles? Specifically, if one spouse makes much more than the other, can they just put everything together and divide them by 2 for each person's separate tax return?

October 30th, 2023

If I have a new business with expectations of being able to contribute for the foreseeable future, fund a plan with $18,500 voluntary + $82,500 as 25% of net profit in 2018, but then take a job and am unable to fund it in 2019... is there a DOL/IRS issue with dissolving the plan in 2019, and distributing funds into an IRA?

January 3rd, 2024