asked
What are the capital gain tax consequences of selling stock in the name of a revocable trust, which is under a special needs trust, and using the stock proceeds to purchase a home in the name of the revocable trust?
July 29th, 2023
For an S corporation filing Form 1120S with gross receipts/assets under $250,000, is Schedule M-2 required even though TurboTax business program does not calculate it?
March 11th, 2024
As a senior citizen, if I win Pick 4 and receive food stamps, will I have to pay taxes or give the winnings to food stamps?
January 30th, 2024
What tax forms should a petting zoo business use if it is listed as an LLC, and is it the 1120 or 1040 schedules F & C? If a personal 1040 was completed, is an amended 1040 needed with the Schedule C & or F? The petting zoo has one owner and is considered a farm-related business.
February 8th, 2023
A tax preparer made a mistake on my 2017 Federal tax return in Wheatland, Wyoming, by not accounting for my wife's 2017 Social Security income, resulting in an additional $3572 payment to the IRS. I confronted him with evidence of his mistake, and he apologized but did not offer to compensate for the penalties and fees. What steps should I take to recover his fee and have him pay any penalties and fees?
March 24th, 2023
Our accountant quit and I have not been at work for over a year due to my wife's quadriplegia. Our S Corporation taxes are due now, and we don’t have them prepared. What can I do?
November 5th, 2023