Can I, as a loan originator in Florida, prepare tax returns for clients that I will be originating loans for in Florida, and if so, how should I handle potential conflicts of interest?

March 28th, 2024

As an S corp owner, I personally owe a truck that is used for business. The business has been paying the loan, fuel, repairs, and insurance. How should I handle these expenses to minimize tax implications? Should I reimburse myself for mileage, and what should be done with the actual expenses paid by the business?

March 19th, 2023

I am the father of David A. Lombard, who is currently in prison at Seagoville prison in Texas. I received two stimulus checks in his name at my home in Papillion, Nebraska. I am unable to deposit the checks into his account because it was closed due to being hacked. I couldn't open a new account because the checks weren't signed, and the bank couldn't accept checks from incarcerated people due to FDIC insurance. The funds from his original account are now in my name and my wife's, with David as the beneficiary. What can I do to get the checks deposited into that account?

January 27th, 2024

I already have $200,000 in an account at Travis Credit Union. I have sold a mobile home for approximately $144,000, and it will close this week, maybe as soon as tomorrow. This will bring my Travis account over the $250,000 that is insured. If I would put some of that money into a CD with Travis CU, would a portion still not be insured or is a CD separately insured?

October 22nd, 2024

I received a message from Agent Larry Smith and Agent Adex FolaMoore claiming I won $350,000 and need to pay $500 for delivery. I am a 68-year-old disabled woman with limited income and suspect this might be a scam. Can you confirm if this is real or a scam?

December 13th, 2024