asked
Will my investors need to pay taxes on the funds they're contributing to the investment club, and can they write off their investment from their personal income tax?
May 5th, 2024
I have always filed my tax returns using TurboTax. However, starting around 2018, I failed to file my tax returns and want to correct this. How can I file these late returns using TurboTax?
September 8th, 2023
Should I pay myself a salary in the first year of my S corporation even though the business will not have an income? Also, are my startup costs and equipment purchases capitalized or deducted, and how do I find more information on this?
June 2nd, 2023
My husband and I have not received our third stimulus payment. We are located in Delavan, Wisconsin, and are both 55 years old. Can you help us understand why we haven't received it and when we might expect it?
November 27th, 2023
An IRA of a deceased owner, who had not taken RMD in 2021 prior to death, has 5 non-spouse beneficiaries, one of whom is within 10 years of the owner's age. The beneficiaries need to know: 1. If each beneficiary has to take an RMD this year, and if so, do they each have to take 20% of the original owner's RMD? 2. Is the older beneficiary handled differently? 3. If the IRA is set up as individual Beneficiary IRAs under the beneficiaries' names, will it not count as a distribution by the IRS, or does it need to be titled "[deceased], deceased, FBO [beneficiary]" to avoid being considered a full distribution?
February 27th, 2023
I moved from FL to GA and need to transfer my wedding photography business (no employees) to GA. Most of my weddings will still be in FL and SC, while I try to book weddings in GA. What are the legal requirements and what should I file?
November 21st, 2023