TaxConnections

Ask Tax Question
MY MOTHER IN LAW LIVED WITH ME AND MY WIFE. SHE PASSED AWAY A YEAR TO DATE 1/19/16. AM I STILL ABLE TO CLAIM HER ON MY AND WIFE'S TAX...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

The rule is that the dependent must have lived with you at least half (or all for some dependents) the time during the year that they were alive. Therefore, since she lived with you the entire time during 2016 that...   Read More
I Keep Track Of The Finances For An LLC That I Am Part Owner Of. What Forms Or Information Am I Responsible For Providing To The Other...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

You must provide each owner a K-1 form which is a part of the LLC tax return if you elected to file as a partnership or S Corp. File a 1065 if a partnership or a 1120S if an S Corp. If a C Corp was elected, there...   Read More
Does An LLC File Taxes Itself Or Are The Taxes Filed Just A Part Of The Owners' Own Personal Tax Returns?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

That depends. An LLC is a disregarded entity for the IRS. As such you must elect how to file. If it is a single member LLC and you have not elected to file as a corporation, the LLC would be reported on Schedule C...   Read More
I Am Part Owner Of An LLC. Do We Need To Empty Out Our Bank Account At The End Of The Year And Pay Ourselves Equally To Reduce The Amount...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Emptying out the bank account has no effect on taxes, and is not a wise move from a business standpoint. If the LLC has elected to be taxed as a partnership or as an S Corporation, a 1065 or 1120S will be filed....   Read More
I Am Married. I Am Selling My Personal Residence After Living There For 2-1/2 Years. Title Is Only In My Name. I Will Have A Gain Of More...
User Photo Randy Tarpey
Tax Professional Level: Tax Enthusiast

IRS Code Section 121 allows the exclusion of gain from the sale of a primary residence by certain married taxpayers filing a joint tax return of $500,000. Publication 17 clarifies the rules for married couples:...   Read More
How Are Bitcoin Transactions Taxed?
User Photo Randy Tarpey
Tax Professional Level: Tax Enthusiast

Bitcoin is considered property by the IRS and not currency. When you transfer bitcoin the difference in the fair market value at the time of transfer versus the purchase price or fair market value at time of...   Read More
User Photo Alan Smith
Tax Professional Level: Tax Enthusiast

Address verification is vital for proper sales tax compliance in Colorado as mailing addresses often do not indicate the true city. There are also Special Districts that cross or encompass many city, town and...   Read More


Meet Leading Tax Advisors

User Photo Kathryn Morgan

Bossier City, Louisiana, USA

Enrolled Agent, Master Tax Advisor

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

User Photo Steven Potts JD EA IAR

Fullerton, California, USA

Principal

User Photo Devon McCarthy FCCA, EA

Sanford, Florida, USA

President

User Photo Caran Ebert, CPA

Topanga, California, USA

Tax Advisor

User Photo Lisa Nason CPA, MST

Greenville, South Carolina, USA

Managing Shareholder

User Photo Randy Tarpey

Tyrone , Pennsylvania, USA

Owner

User Photo NEERAJ BHATIA, CPA

Santa Clara, California, USA

Tax Principal - President

User Photo Bill Robinson, CPA

Chattanooga, Tennessee, USA

Owner

User Photo Hugo Van Zyl

Stellenbosch, South Africa

Exchange Control & Master Tax Practitioner (SA)

User Photo Douglas Stransky

Boston, Massachusetts, USA

Tax Partner, International Tax

User Photo Larry Stolberg, CPA, CA

Toronto Mississauga Oakville Burlington Hamilton, Canada

Tax Specialist

User Photo Dr. Daniel Erasmus

West Palm Beach, Florida, USA

Managing Partner/EMEA

User Photo Jorge Otoya

Cleveland, Ohio, USA

President

User Photo Kat Jennings CEO

La Jolla, California, USA

Founder/TaxConnections CEO

User Photo Cecilia Scutaru Andor

Charleroi , USA

Tax Preparer / Notary / Signing Agent

User Photo Mary Beth Lougen EA USTCP

Virginia, USA

President and Founder

User Photo Darren Sanford

Memphis, Tennessee, USA

CPA

User Photo Dan Gordon

BANGKOK, Thailand

Owner

User Photo Barry Fowler

Houston, Texas, USA

President

User Photo Kelly Estep

Vancouver, Washington, USA

Owner

User Photo James Sutton, CPA, Esq

Tampa, Florida, USA

Florida Sales Tax Attorney

User Photo Bernice Brightbill

Los Angeles, California, USA

singer

User Photo JEANIE PITNER

Battle Ground, Washington, USA

Owner

User Photo David Gadberry

Houston, Texas, USA

Tax manager

User Photo Howard Liebman

Brussels, Belgium

Partner

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Log into Tax Connections

Not a member?    Register Now For a Free Account
I've forgotten my password