asked
What is the cost basis for the units sold in a public partnership? The K-1 has a sales schedule showing how to calculate the cost basis, but I am confused with the negative number in column 6 (Adjustments to Basis) -8,678. I am not sure if I should add column 5 and 6 together. Is the cost 2019 or 19375?
November 18th, 2024
We have a 501C3 organization. We received a letter from the IRS on July 12 providing our approval and our EIN. But I never received anything that has a sales tax exemption number, that some merchants are claiming to need in order for us not to get charged sales taxes. Do you know where I can get that?
January 29th, 2023
What are the tax implications for income earned in Greece by a US citizen or Green Card Holder from 2012 through 2017, and what additional information is needed to determine this?
September 24th, 2023
I lost my W-2G form and need to file my taxes. Where can I get a copy, and how can I file my taxes without this form?
January 7th, 2024
If we sell our truck to our business for employees to drive to jobsites, can we take mileage deductions and vehicle costs as a business expense?
May 24th, 2024
I am a UK citizen living in the UK with a Fidelity IRA from my time working in the US. I take distributions from the IRA which are not taxed in the US but are taxed in the UK. The UK pension tax rules changed on April 6th, allowing 25% of the drawdown to be tax-free. Does this change apply to distributions from my IRA?
November 25th, 2023