asked
My client is a multi-member LLC (2-member partnership) electing to be taxed as an SCorp on 1/1/21. The liabilities are greater than the assets being transferred. It appears my client(s) is going to have a taxable gain on the transfer. Is this gain reported on the 2020 1065 (K-1)?
February 7th, 2024
Do I have to file my taxes to get a stimulus check if I am 49 years old, live on Social Security, and receive a little over $800 a month?
May 23rd, 2024
I need to get my PIN from the IRS, but their application wouldn't accept my new email. It tells me that's the wrong email.
October 21st, 2023
I have been learning and trading in the stock market for a year but did not know about the wash sale rule. My brokerage is TD Ameritrade, and when I received my last year's transactions document, it shows a wash sale loss disallowed quantity of $100,000. However, my gain loss quantity is $20,000. How much tax will I pay in this situation?
May 6th, 2023
I was late filing my 2019 tax return. Is this why I have not received my stimulus payment? The IRS said they don't know so far. I am 89 years old, located in Moroe Township, N.J., and have one dependent, my wife of 65 years. My typical filing status is married filing jointly, and my income is about $76,000. I paid all my taxes, but I was late filing.
March 17th, 2024
I was told that I would receive my stimulus check today, but it hasn't arrived. I am on social security disability and did not typically file taxes, but I filed this time because I was told I received the first two stimulus checks. Where is my stimulus check and why is it taking so long to get?
November 30th, 2023