I need a transcript or verification of receipt of our 2021 tax return for a mortgage loan. The online system indicates that we haven't submitted anything. They are asking us to go to the local IRS office to get it stamped as received. If it doesn't show online, will the IRS office be able to see it, and can I get an appointment quickly?

February 21st, 2024

If I sell a piece of rental property for $250k and buy another investment home for $160k, do I still owe capital gains taxes, and how does the Section 1031 deferment affect this?

September 20th, 2023

Client mistakenly put a building in their personal name instead of the corporation's name on their tax return. Additionally, the loan for the building was not included in the liabilities, which affects the balance sheet. How can this be fixed, and is it possible to correct this by submitting a new tax return and super sending it?

May 22nd, 2024

The owner of the building used his building to run his business and depreciated the building on Form 4562 from Schedule C. What are the implications of this depreciation when the building is sold?

February 27th, 2023

Is there a tax benefit in setting up a trust, S corp, or LLC for when I sell land that I bought with a 1031 exchange and then sell it for cash, as opposed to just investing the proceeds into more land with a 1031 and then selling it for cash later?

December 30th, 2023