- Recent
- Popular
- Unanswered
- No Replies
-
I have a situation where a client bought a discounted note from the bank 4 years ago at $240,000 and this and he has been collecting interest on the note for 4 ... read more0 6
-
Will there be some automated pop up when i go to file my taxes using turbotax? I qualify for free filing because ive been on unemployment and made so very littl... read more11 18
-
Can anyone provide any input on whether or not a Construction Company is a SSTB? My clients own an LLC, 50/50, and do construction and remodel work on res... read more
-
Maybe the luckiest tax preparers this year are those in Maryland, who have had to hold off on their returns reporting unemployment income because their legislat... read more
-
daughter is 24 only made $1900.00 didn't attend school lived with me. Can she be a qualifying relative?And if so can I claim head of household with qualifying r... read more
-
The parents file separate every year and alternate claiming the child. Mom received stimulus but dad is claiming child for 2020. Can he receive rebate even if m... read more
-
I have a new client (retiree, filing jointly) who has been carrying over a $500 tax credit since 2014 in form 1116. Client does not have plans to open any busin... read more
-
So now there's an amendment to the pending legislation:The unemployment provision would forgive up to $10,200 in taxes on unemployment benefits received i... read more
-
Can I file a joint with spouse or single return with SS for day job earnings and second return with EIN as a disregarded entity LLC for side business? Want to k... read more
-
This item is new for 2020.The underlying LLC is a single-member LLC with no shares issued/authorized. Is 0 an acceptable number? What if I leave it blank?2 3
-
Just in case you have been worrying about it. Not that you can rely on IRS FAQ's, of course.Q5. The 2020 Form 1040 asks whether at any time during 2020, I... read more
-
-
Hello!I have some questions on a client who is a nonresident alien with a US business that is going to be dissolved this year. I want to make sure I have all du... read more0 0
-
It looks like the Senate will amend the next round of Covid relief legislation so that EIP#3 will be phased out for incomes between $75K and $80K ($150K and $16... read more
-
How are these deferrals made does IRS send a bill or does the program create a voucher? My client is asking and I can't seem to fine the answer
