My client has a K-1 showing ordinary income and the statement A QBI pass through attached to the K-1 shows a loss. Does that makes sense? Shouldn't they be the ... read more
My client called me wondering about the tax benefits, if any, of hiring an assistant for his W-2 job.I want to preface this by stating that my client is a Sales... read more
Company sells Chinese goods on Amazon.. Giving a quote (I know, I don't need the work but I like to work) anyway.. it is a C Corporation. I don't think the sole... read more
I am receiving an error on the Texas Form 05-164 extension request when I have a combined group. It states that "Combined Entities must add affiliates to Form 0... read more
Mr Nerdman: The top 5% pay approximately 63% of all federal individual income taxes. Liberal Client: Are you sure? Mr Nerdman: Did I stutter? Client: But that c... read more
New client, did not claim Other Dependent credit for their children in 2021 and did not file a W-7 for ITIN numbers. Kids had Social Security number since 2022.... read more
Client purchased a SPLIT HMH7 Gas system 17.0 SEER with a variable capacity inverter heat pump AND single stage multi speed ECM 80% gas furnace. I completed for... read more
A number of clients have received IRS notice CP30A. The penalty for failure to pay sufficient quarterly vouchers has been recalculated. Generally a small refund... read more
Solar investment tax credit under Section 48.Does a single-family residence (not new construction) rental property qualify for this tax credit?The credit is oft... read more
