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

What is needed to substantiate our sales if we are audited by the tax commission? ... read on

Can an S corporation be a shareholder in another S corporation? ... read on

I have an LLC with net operating loss for 2008 of $400,000. In 2008, I filed an irrevocable letter .... ... read on

I sold a piece of real estate for $100,000 and my cost basis at the time was $20,000. I .... ... read on

If two partners own a business and use cash from the business to build a building, how is that treated .... ... read on

In an LP, can tax losses be distributed by percentages other than LP holdings (i.e. if one LP is a .... ... read on

I am an Indian resident and I plan to start and maintain an LLC in Delaware. I have also been .... ... read on

While working in Kuwait, I started a business and have purchased land in Europe. Can I deduct these expenses? ... read on

Generally speaking, is there a US tax liability on income earned from a non-US rental property by a US citizen? ... read on

We are dissolving a West Virginia LLC with a lot of debt, including a current default on State Consumer Sales .... ... read on