I'm filing my son's extension now with a payment, but it is insufficient and he will owe a balance. He has additional funds coming in at the end of April and May, which he wants to apply against his 2022 federal and NYS tax liability. How do I apply these funds to his 2022 tax liability?

October 28th, 2024

I have a question about entering selling expenses on a business rental property sale. Who can help me? Specifically, I need to know what expenses listed on the Closing statement (e.g., transfer taxes, legal fees, special assessment paid off) should be included in the selling costs and how to handle them in my tax software (Turbotax). Additionally, I want to confirm if a $27,000 special assessment paid to the association can be included in the selling costs.

April 11th, 2024

Is Form 1120 required to register for the Streamlined Sales Tax (SST) in the US, and if not, what documents are required to register?

February 26th, 2023

I have not received my Social Security end of year 1099 statement. How can I get a copy or print it out?

August 20th, 2024

Can a nonresident person file 1040, and under what conditions? If they have an F1 or J1 visa and have been in the country for more than three years, do they need to amend their prior year tax return if they filed as a resident? What are the implications for social security and Medicare taxes if they file as a nonresident?

April 8th, 2023