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

I live in New York City and have a house in Virginia that I rent. Am I able to deduct .... ... read on

We currently own a C corporation in TN with one shareholder. I want to convert to a two-member LLC. TN .... ... read on

Are W-2 wages paid to partners of a partnership considered guaranteed payments? Guaranteed payments are subject to self employment tax .... ... read on

I'm trying to identity the best type of business entity to open for contributing to charities. For instance, if .... ... read on

While breaking down credit card charges for a small business cash business, "Can a medical expenses for prescription lenses be .... ... read on

Are gifts to corporations counted as income to the corporation for tax purposes? ... read on

Can a US resident alien accomplish a IRC Section 1031 tax free exchange of UK rental property for US rental .... ... read on

I am 16 and I am trying to form a corporation in Delaware. Will I run into legal troubles later .... ... read on

If I build a membership website and my goal is to get as many members as possible and to generate .... ... read on

We are in the commercial real estate management business and are working on our CAM reconciliations. We charge real estate .... ... read on