My organization is a 501(c)(7) social club in California. We sell food items at a low price during events open to the public, calling it a donation. Do we need to collect and remit sales tax on these sales, or are they exempt as donations?

March 10th, 2024

Can we switch from a 401(k) to a SIMPLE IRA, and are there any repercussions?

March 11th, 2024

Does the IRS send taxpayers notices if the IRS does not receive their tax returns?

May 29th, 2023

Our business's fiscal tax year ends in June 2019 and started last year. If we want to produce commercials or motion pictures, there is a minimum amount of $145 per year specifically for Los Angeles Business tax. Could we possibly send them a check with the filled in application for the business tax certificate? Or should we wait for a bill from them? Our gross is zero, but do we write due $145? We have not conducted business yet, no income. What should we do?

December 21st, 2023

I have been unemployed all of 2012 due to an injury caused by a slip and fall accident. I had to withdraw funds from my IRA to pay for basic expenses and incurred significant medical expenses, including high COBRA premiums. Is there any special tax deduction or exclusion I could use in this case, and how do I claim them using TurboTax Home & Business?

January 28th, 2024