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I've just finalized registration of our LLC and have
I've just finalized registration of our LLC and have obtained a TIN from the IRS. One of the topics that arose while filing for the tax id is the designated tax year, specifically being noted as this … read more
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I have an Ordinary Business Loss on Line 22 of Form 1065
I have an Ordinary Business Loss on Line 22 of Form 1065 from 2013 and 2014. Where do I carryforward this NOL onto form 1120S for the new tax year? … read more
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I have owned several rental properties, one since 2005, and
I have owned several rental properties, one since 2005, and three others since 2010. I transferred all to an LLC on January 1, 2016, and am having trouble getting the depreciation correct. As I unders… read more
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I have a question about K1 increase/decreases in capital
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I have a vacation cabin rental business with 5 buildings. I
I have a vacation cabin rental business with 5 buildings. I wanted to know what credits and deductions are available in 2016 and if those credits and deductions could carry through the pass-through le… read more
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There is a loss from sale of the stocks from gas company.
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This pertains to filing an amended 2013 Federal 1040. In
This pertains to filing an amended 2013 Federal 1040. In 2013 I sold my total 10% interest in an LLC to my partner. I was a general partner that no longer participated in the operation of the business… read more
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Question to Stephen G. I have had a casualty loss. To
question to Stephen G. I have had a casualty loss. To simplify my question say. I had a complete loss of two personal items. For both items FMV difference before/after loss is less than adjusted cost … read more
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I own a 10% equity share of a company. I am also paid as a
I own a 10% equity share of a company. I am also paid as a consultant on a 1099 for this company, and have been for the past three years. They issued me a K1 this year and last year, but it is blank -… read more
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We have an LLC partnership based in Texas. There are three
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Lane, If you are a Sole Proprietor and you have health
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Anne, I am preparing a tax return who was a shareholder in
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I am preparing a tax return for a client with a new business
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I am a member of an LLC. A debt of the LLC has been incurred
I am a member of an LLC. A debt of the LLC has been incurred that, for various reasons irrelevant to the inquiry, I will be paying personally, rather than through the LLC. The debt is a legitimate bus… read more
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I just started working a part time job with the County as a
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