I have a question about California and Federal estimated taxes arising from the sale of a house. My total California income in 2023 is $90,000 from employment with $6,000 tax withheld, and I have $1,653,000 long-term capital gains from the sale of a house on August 18. I need to know approximately how much estimated tax I need to pay by September 15 and advice on estimated payments for federal tax.

December 22nd, 2023

I haven't received my tax returns for 2021 and 2022. How can I check the status of my refunds and resolve any issues with the IRS?

December 26th, 2023

I need a financial statement for my company. My company is registered in the USA, and I am located in Saudi Arabia. What are the key components of a financial statement, and can you provide a basic template for each component?

July 15th, 2023

What is the best structure for a client who has two distinct businesses (real estate sales and freelance admin services) under one LLC, and does she need two LLCs or could she have the LLC protection for both businesses by setting up two DBAs underneath the LLC?

October 28th, 2023

As a trustee of my deceased mother's living trust, I am about to sell the final trust asset, a home, for $212k. The trust, formed in MN and holding the home in MN, requires the income from the sale to be split between two beneficiaries. Is there anything I can do to reduce the trust's tax liability, such as through charitable donations, and can a charitable donation be allowed as a tax deduction?

January 12th, 2023