My not-for-profit organization in Kansas works concession stands as fundraisers. We noticed different companies deduct different amounts of tax for our beer sales. One company deducts 8.75% for beer and food sales, while another deducts 10% for beer and alcohol sales, even though the beer is only 3.2%. We thought Kansas sales tax was 6.3%. Could you explain the difference between on-site and off-site sales tax rates and what the actual tax rate is?

July 26th, 2024

My wife and I each own a small business and we want to buy or lease new or used cars. My wife drives approximately 20,000 miles per year for work and wants an SUV, maybe a Range Rover Sport that costs $50,000. I drive only 5,000 miles per year max and want a luxury car for clients, maybe an S Class Mercedes that costs $70,000. Assuming no trade-in, what are a couple of smart examples? Lease brand new? Buy new? Buy used?

December 10th, 2024

I have AMT carryovers from previous years, specifically AMT Short-Term Capital Loss, AMT Long-Term Capital Loss, and AMT Investment Interest. I want to do my taxes myself this year and need to know how to document these carryovers to ensure I don't lose them. What should I do?

April 27th, 2024

I am a 66-year-old guardian of my 10-year-old grandson. I receive no assistance in raising him, and his father is in jail. I don't know if his mother is still around. Is there any kind of assistance I can apply for to help with feeding, clothing, and getting him through school? I expect to have him for at least eight more years, and my Social Security does not cover the bills.

November 19th, 2023

Do I have to pay taxes on the sale of a house that I inherited in 2012 for $80,000? My sister received a tax form for the sale for $72,000 that we split, and her accountant is saying she owes taxes on the proceeds as income.

February 29th, 2024