asked
Regarding an S Corp dissolution with 179 disposition of property, how should the section 179 deduction be handled on Form 4797, Part III, Line 22, and how does this relate to the IRS 1120S instructions? Additionally, if a 179 deduction was taken for property with a 7-year recovery period that was not met, how should this be addressed in the final 1120S for 2015?
November 2nd, 2024
I selected to E-file my taxes, but it states to print and mail. What does this mean?
July 2nd, 2024
My house was foreclosed on 11/24/08, and the balance outstanding was $87,287.00. The home was sold to HUD for $110,000.00 during the foreclosure sale. What do I do with the Acquisition or abandonment of secured property form, and how will this affect my taxes?
April 22nd, 2023
The tax office is asking for 1000 pounds to transfer incoherent money to my bank. What is the source of the money I am trying to transfer?
June 10th, 2024
Can the large estimated tax payments made by my NYC S Corporation for capital gains be deducted off my Federal S Corporation return?
June 4th, 2024
I am using TurboTax for Small Business for the first time to file for our new S-corp. I have entered all the required information, but the balance sheet does not balance. I have tried multiple times with the same result. What could I be doing wrong?
April 15th, 2023