asked
When the assets of a sole proprietorship are 'converted' to use in a new Sub S corporation, is the value of those assets booked in the new entity at fair market value or book value from the old entity?
November 29th, 2024
If I work as an independent contractor through an LLC for a job abroad, would I be subjecting myself to double taxation with Holland and my state of residence?
August 15th, 2024
I am filling out IRS Form 8802 as an individual. My wife and I filed a joint tax return last year. Do I need to attach a copy of Form 8821 for both my wife and myself?
September 3rd, 2023
I am renting my apartment in NYC and also renting out an extra bedroom on Airbnb. I received $3,670 in 'Rents' on my 2012 1099-MISC. Since I don't own the apartment, can I deduct a portion of my rent as an expense related to the Airbnb income? If so, how should I calculate this deduction and where should I report it on my tax return?
June 9th, 2024
How do I determine the amount to put in line 11 of Form 6251 for the Alternative Minimum Tax Net Operating Loss (AMTNOL)?
April 17th, 2024
Are subsidies under Obamacare subject to the Federal Payment Levy Program?
April 1st, 2023