asked
My husband owns a small business that was a sole proprietorship until June 2016 and then became an LLC. We pay multiple subcontractors throughout the year. Do I need to prepare taxes under the sole proprietorship for the first half of the year and the LLC for the second half, or do it all under the LLC for the whole year?
May 10th, 2023
I want to know if there is a lien on my taxes. Have you talked to a tax professional about this?
June 15th, 2023
How much tax do I pay from line 14a amount due to line 14b for tax years 2017 and 2018, and what is my other income and filing status?
October 29th, 2023
I am selling my home in Arizona for $312,000, and I owe $104,000 on the mortgage. After real estate fees, I expect to make $160,000-$180,000. I am unsure if the $250,000 limit for home sales to not be taxed applies to the full sale price or the amount I make after costs. Additionally, I want to know how to reduce capital gains tax and how to document my basis for tax purposes without receipts.
July 22nd, 2024
What is the statute of limitations for 941 taxes from 1996 and prior, and can the IRS still seize property or send bills after this period?
September 2nd, 2024
If my husband and I form an LLC and that LLC purchases a rental property, can we elect to be a disregarded entity and file it on our personal taxes? We just want it for the liability protection, but don't want to have to file a separate return.
November 10th, 2023