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

My client wants to invest in a farm operation that's structured as a limited partnership. His 25% interest will .... ... read on

What are the disadvantages of a supplemental executive retirement plan? ... read on

When taking the 50% bonus depreciation, do you have to take section 179 depreciation or can you skip the Section .... ... read on

If an LLC (sole proprietor) changes ownership from one member to another, does the IRS require notification and, if so, .... ... read on

My latest issue is a question regarding the IRS treatment of our now dissolved S Corp. We earned our last .... ... read on

If you sell a rental property in 2013 in Virginia and use the money to purchase another property in Florida, .... ... read on

What is the current IRS stance on PTIN's for tax preparers? ... read on

I'm sole proprietor of an art & tattoo studio in CT. I pay rent to a landlord, but I also .... ... read on

An employee recently warned me that receiving a W-2 and 1099 from my business in the same year would be .... ... read on

Is royalty income from an invention that is treated as a long term capital gain under IRC 1235, subject to .... ... read on