If we add a U.S. citizen to our foreign corporation as a partner who will live in Denver, CO and participate in lead generation, but the company operates from Colombia with no physical location in the U.S., will that automatically convert our sales into U.S. source income?

November 15th, 2024

I need help filling out my 2020 W4 form to maximize my paycheck without owing the IRS when I file my taxes. I am single, work in Indiana, and am currently being taxed for two different states. How can I adjust my W4 to ensure I get the most pay possible and stop being taxed for Michigan since I no longer live there?

July 12th, 2023

My 2022 tax return was rejected. I used TurboTax to file and would like to continue using them. What could be the reasons for the rejection and how can I resolve it?

December 22nd, 2023

I haven't filed my taxes and realized the deadline was incorrect. I spoke with a local tax worker who suggested sending an arbitrary payment but then went on vacation. I don't have all the necessary documents to complete my taxes at the moment. Can I send the IRS a $3000-$4000 check with an explanation, and how do I specify the year it applies to?

November 25th, 2024

How should I report income from sports gambling online, considering I have profitable and losing accounts on different sportsbooks? Can I report losses against winnings, and if so, how does that affect my taxable income?

June 17th, 2023