Capital Gains and Losses

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My adjusted gross income in retirement is consistently
My adjusted gross income in retirement is consistently $45,000. This year I have sold property with a capital gain of $300,000. How do I compute my total tax liability? … read more
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I have a business that I started in 2008. I borrowed
I have a business that I started in 2008. I borrowed $500,000 to open the business. In 2018... this year I am selling the business for $300,0000. How do I get out of owing capital gains (taxes) on the… read more
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Owned a rental home in Ortley Beach, NJ. The house, part of
Owned a rental home in Ortley Beach, NJ. The house, part of the real estate was destroyed by Sandy and demolished. Land was sold w/o house on it. How can I determine the cost basis of the sale for NJ?… read more
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I am trying to decide if I need to do an appraisal on a
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I run a small business in the United States and am working
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I have 100% of the shares of a US LLC which operates an
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I own a GAS Station in CT. We are planning on selling the
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When I formed a corporation (from a Sole Proprietorship) I
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How essential is it to file form 8594 if I bought a business
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I'm looking at buying a business, which is a s corp.The seller
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I sold my S corp internet business this past year (2014). After
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I am a farmer. In 2013 I purchased 24 wooded acres for
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I have sold my business and we were operating as an S Corporation.
I have sold my business and we were operating as an S Corporation. Most of the assets in the business have been fully depreciated, so I am guessing that I will have to pay taxes on the gain. My questi… read more
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R. Klein, EA

R. Klein, EA

Enrolled Agent

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Over 20 Years experience in resolving tough tax cases

jgordosea

jgordosea

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As an Enrolled Agent you can be ensured of my competence in income tax matters.

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PhillipB EA

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FredStevens

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