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- Client has a Youtube and social media channels dedicated to cars. All running under the umbrella of an S Corp and this is the primary income. He creates car con... read more5 5
- I have a deceased client that I am preparing an estate tax return for (For 706), The spouse died several years ago and an estate tax return was prepared and fil... read more
- Q. If there is no DNI do I need to report the disrtibutions on schedule B line 10?Details: This is a first and final simple 1041 decedent estate. The only asset... read more
- Hi,I'm reading mixed articles about the following questions:- Is the CT 529 deduction $10K per child or per tax return? When I enter $20K in proseries it says a... read more5 4
- Hello Taxpayer buys out another person's share of a house that is used as taxpayer's principal residence. The other owner is a child of the taxpayer and the buy... read more
- https://www.irs.gov/newsroom/irs-announces-delay-in-form-1099-k-reporting-threshold-for-third-party-platform-payments-in-2023-plans-for-a-threshold-of-5000-for-... read more3 0
- A client is purchasing a new car under personal name for business use and company will pay for it. What is the best way to go about that?Would section 179 and b... read more10 6
- If a mother has a "Transfer on Death" deed on her house and her children's partnership (LLC) is listed as the beneficiary, will the partnership and the children... read more2 1
- The S-corp intends to acquire a new passenger vehicle valued between $25,000 and $35,000 using a loan. What potential tax deductions and/or tax credits could be... read more4 4
- In October 2021, an Internal Revenue Service (IRS) employee at an IRS facility in Covington, Kentucky, obtained controlled substances from the internet and othe... read more
- Do I show the sale of the individual assets with a selling price allocated? I can't put the real estateand farm on the same 6252 as they are different activitie... read more8 8
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- I have been approached by a new client as a referral from an existing client who needs tax assistance. I met with them and the taxpayer has not filed a tax retu... read more10 5
- Majority shareholder wishes to sell to other two. I had a brief discussion with all 3 last month about the tax ramifications. Lately, the majority shareholder h... read more15 5
- My US S-corp client provided online services to a Canadian company. Are there any tax implications other than the normal US income taxes?3 2
