asked
We were recently approved for an SBA EIDL loan, but it has restrictions on how we can use the funds. We want to invest in other business ventures. Can we use our normal business revenue (receivables) for other projects if the loaned funds are used for day-to-day operations in a separate account from our daily receivables?
October 1st, 2024
I am an Australian living in Bali and have not lived in Australia for many years, but I have made tax declarations for more than 35 years. I want to know if I am eligible for the pension.
May 27th, 2024
My current age is 78 and my retirement age was 66. When my wife and I retired in 2009, we chose not to have our social security taxed. Now it looks like we should. Can we begin having withholding tax withdrawn? If so, what steps do we have to take?
September 21st, 2024
I was recently notified by the IRS to file unfiled returns for 2014-2016. I was audited in 2007 for claiming the Earned Income Credit (EIC) and filed Form 8862 in 2017. Would I be eligible to claim the EIC for those years, and if so, how does the audit in 2007 and filing Form 8862 in 2017 affect my eligibility? Additionally, how long does it typically take for the IRS to process these unfiled returns and release my 2019 refund?
July 3rd, 2023
What should I do if I accidentally filed the wrong taxes for the year 2021 and need to make changes?
May 21st, 2023
My girlfriend inherited property in Florida, lives in Ohio, sold the property for $100,000, and is 68 years old on social security. How is she taxed on the sale, and what is the formula to calculate capital gains?
March 21st, 2023