I am a Schedule C self-employed individual on the 1040. I had a Marketplace insurance plan in 2021 and had to repay an excess advance payment premium tax credit of $2700. Can I expense that repayment on the self-employment income or carry it on Schedule A as a medical expense?

February 13th, 2024

I need to pay my 2022 taxes for $5990. My payment was rejected. Where am I currently located, how old am I, do I have any dependents, what is my typical filing status, and what is my income for the year?

January 10th, 2024

I am trying to decide between forming an LLC or operating as a sole proprietorship and how I would file taxes in Florida. I am 49, married, and have no dependents. This decision is for a future sales representative position, and I am trying to prepare accordingly.

February 10th, 2023

My friend claimed me as a dependent without my knowledge, and I can't get a refund because of this. I made $3,300 from October to December, receive $500 a month from SSDI, and received $21,000 from my grandmother's trust. What should I do about my friend claiming me as a dependent, and how does the $21,000 from my grandmother's trust affect my taxes?

December 30th, 2023

We made a mistake on the books and are unsure how to correct it on the taxes. We had company A for many years, then opened company B last year with a different EIN and tax ID. One of the assistants deposited money belonging to company A into company B's bank account, and we have no records of these transactions. What is the best way to correct this mistake and ensure it doesn't affect future audits?

September 15th, 2023