asked
What does it mean under Title 26, Section 1201 regarding an alternative tax of 35% for corporations on capital gains subject to rates in excess of 35% due to the application of code sections 11, 511 or 831?
April 15th, 2023
I am getting divorced and my spouse is keeping the marital house and land and will deed me a portion of his interest in land that he has in a trust with his cousins, who will 'buy' my interest at the fair market appraised value. What can I do to avoid paying Capital Gains on this money?
March 2nd, 2024
Is there any way to avoid claiming cancellation of debt as other income on your tax returns?
January 29th, 2024
Can someone help me estimate what I would pay in Federal and State quarterly taxes as a partner of an LLC getting guaranteed payment of $150,000 per year? I am working in the state of Maine and my filing status is married filing jointly with one dependent under 17. My husband earns $40,000 from a W2 and an estimated $1,000 from a K1 (part of an S Corp).
December 30th, 2024
Can you file head of household on your federal return and single on your state return?
June 28th, 2024
What is the maximum number of exemptions an employee can claim on the IRS form W4?
November 23rd, 2023