Explore the 1,000’s of tax questions answered by professionals.

On IRS form 8582 do you have to carry passive activity losses forward? We would like to carry it backward .... ... read on

Does a mortuary trust need to be held in custody by a funeral home? What kind of expenses can be .... ... read on

As a single member S Corporation, do I need to file 941 every quarter? I think I missed the 7/31 .... ... read on

I have a capital gains question on foreign property that I owned while a US citizen. I want to claim .... ... read on

On form 1041, can a loss be distributed via form K-1 to the grantor? If not, which schedule distributes .... ... read on

I have some land that I want to build on. I plan to apply for a construction loan to build .... ... read on

Two cousins inherited a valuable painting from an Aunt. The estate valued it at $15,000. I knew that appraisal was .... ... read on

I am thinking of opening an online business in which we would sell candles. I live in South Carolina and .... ... read on

If I receive a Form 1099-MISC and box 7 has $50,516.00 entered, but $25,000 of it is for parsonage, what .... ... read on

I run a metal stamping company in Texas and have rented a fork lift until my new lift comes in. .... ... read on