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Client had a tree fall down from winds and has made about $20-30K of improvements to the landscaping at a residential rental property that he owns with his son.... read more0 1
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H&R Block today announced an expansion of its values-based culture of belonging with the addition of more inclusive benefits. The new approach provides holistic... read more
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I have a client who won about 30000 in a raffle. Half was cash the other half was a motorcycle. He's gong to keep the cash and donate the motorcycle to a local ... read more10 4
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I have a client that fell for online/telephone scam. Unfortunately, the scammer was able to gain control of her computer and withdrew almost $500,000 from her I... read more
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Let’s say your client has been contacted by a private collection agency with a contract from IRS to help it collect delinquent taxes.Once reminded of the debt, ... read more2 0
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TP is a professor with W2 and Sch C income. Employment contract limits his moonlighting income.In 2021, Employer exercises the claw-back provisions and claims $... read more6 17
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TP is middle to upper 6 figure AGI. Has been a long time. TP is 72.TP's daughter got divorced. The daughter is 52. Lower-incomemy area (maybe 30k).TP purchased ... read more
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A husband and wife are 50/50 owners of an S-Corp. The husband actively participates and runs the business. The wife is not listed as an Officer, but is listed a... read more
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A builder buys a property, demolishes the house on it and then builds a new house which is sold. Can the original purchase expenses be included in the basis of ... read more
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1. A taxpayer tore down his principal residence and built a building with 6 condos in its place. If she sells all 6 condos, is she eligible to take the home exc... read more
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I have a client, retired couple, that purchased and installed solar panels under the understanding that they would receive a discount on their note due to a tax... read more1 3
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Greetings,I had an Individual client defer gains into a Qualified Opportunity Zone in 2018 that were passed through via a Partnership K-1I did not complete form... read more1 1
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I have two clients who co-own 3 rental properties 50/50 (originally were MFJ, but divorced along the way and split ownership half ways). In late 2020, they deci... read more
