asked
My taxes were accepted on February 11, 2023, and I have not received any news since. I am located in Ruskin, Florida, 72 years old, married, and have one dependent. My typical filing status is married filing jointly. What should I do to check the status of my refund?
April 13th, 2024
Do I need to file separate tax returns for PIT, AI, and my personal tax? What tax forms do I need to file for PIT and AI? Can AI manage and invest other people's retirement and after-tax money, and if so, what are the necessary registrations and compliance requirements?
June 10th, 2024
November 21st, 2023
A taxpayer used to have a Schedule C musician trade/business, during which musical instruments were purchased and depreciated. The trade ceased and was inactive for a couple of years. The taxpayer took the fully depreciated asset as a personal asset (basis zero). When they sell that asset, is there any depreciation recapture? Assume original cost of $20,000 and full depreciation. Assume the instrument appreciated to $50,000, is sold, and total income is in the net investment tax range. I'm struggling with treating this as a personal asset sale, subject to NIIT, or as a sale of a business asset. Thanks in advance.
April 1st, 2024
Do revocable trust funds pay taxes, even though other businesses (like LLCs or corporations) have filed their own taxes?
December 18th, 2024
Should I adjust my tax withholdings so the federal government doesn’t take any out during the year in order to claim the EV tax credit at the end of the year?
December 18th, 2023