How do you switch from an accrual basis to a cash basis for tax filing, and what are the requirements and implications for doing so?

July 18th, 2023

My business was set up in Wyoming, but my physical location and business transactions are shipped from Florida. It is an online business. For tax purposes, do I use my Wyoming address or my Florida address or both?

April 1st, 2023

I plan to buy an investment house to save on taxes. My income is above $150k a year. I want to confirm that my passive losses on the property will not be deducted from my W2 income and will be suspended until I sell the property or have passive income. Is there a way to make passive losses from investment property be considered active for my personal tax deductions, possibly by creating a company that owns the house or through another method?

January 1st, 2023

I can't find my tax papers for 2021. I moved since then and don't know where they are. Can you send me a copy of it to do my taxes this year?

February 9th, 2023

Do I need to file taxes? I am 68 years old, located in Etoile, Texas, and I am unsure about my typical filing status and income for this year as I cannot find a tax statement.

June 11th, 2024