asked
The owner of the building used his building to run his business and depreciated the building on Form 4562 from Schedule C. What are the implications of this depreciation when the building is sold?
February 27th, 2023
Is there a tax benefit in setting up a trust, S corp, or LLC for when I sell land that I bought with a 1031 exchange and then sell it for cash, as opposed to just investing the proceeds into more land with a 1031 and then selling it for cash later?
December 30th, 2023
Do I owe money to the IRS for the 2022 tax year, and if so, how can I verify this and manage my tax account?
August 19th, 2023
I am investing outside the US through TCBIT in ETHUSD by contract, which involves crypto contracts rather than buying coins. How do I claim profit or loss to the IRS at the end of the year?
September 5th, 2024
I filed my taxes last year as single and S status. I am unable to access my account online to check the status of my federal tax return. When will I be getting my tax refund, and what can I do if it doesn't recognize my information online?
August 11th, 2023
I need tax assistance. I am unable to reach the IRS by phone for an appointment and there is no fax number provided when filling out the 911 tax form. I have back taxes from 2017 that I owe, amounting to $26,156.64 with interest. I need to negotiate and explain why this happened. They sent me a letter stating it needs to be paid by 8/15. I need the amount reduced considerably.
July 9th, 2024