I received a letter from the IRS asking for a copy of the W-2 and W-3 forms for 2019, or I will face a fine of around $4000. I have contacted my previous accountant but cannot get the information. What can I do?

March 27th, 2024

I am planning to rent my condo on Airbnb in 2023 and need to renovate the kitchen first. Do I need to complete the kitchen renovation in the same year as I earn income from the property in order to deduct the renovation expense on my taxes?

August 8th, 2023

If an employee pays for term life insurance through his company and is also a shareholder in an S Corp, is the premium considered post-tax? How does this affect his wages, and is it treated similarly to S-Corp health insurance, where it is only subject to Federal withholding but not Social Security or Medicare?

April 25th, 2024

I have a client who has a business with 10 MUSD revenue. This business has a DBA with about 2 MUSD revenue. The client wants to separate the business under DBA (with 2 MUSD revenue) into a separate business under a different entity with different owners but related. Should I use a buy/sell approach in this scenario?

October 26th, 2024

Do we need to file a tax return for the Sanders Family Trust 077-172-173, which has money invested in a portfolio with NZFunds and is charged adviser fees of $1034.39 this financial year, especially since no distribution has been made and the funds are intended to stay in the trust for future use or inheritance?

June 28th, 2024