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

Our company only need a limited number of transit passes for this year for our employees. The amount we .... ... read on

I am an accountant. An attorney has recommended that my clients make their life insurance owned by and beneficiary to .... ... read on

When my elderly mother passes away, how will the beneficiaries need to account for the inherited Roth IRA? Will .... ... read on

Shouldn't shareholder equity on the balance sheet and the shareholder basis in an S corporation both be the same? Aren't .... ... read on

I have a client that made an SEP-IRA contribution in 2014 before the tax due date for their S Corporation. .... ... read on

Is there a special tax treatment for the proceeds received from a forced sale of a partnership interest. The .... ... read on

I purchased preferred trust stock a few years ago and I'm having difficulty understanding how to track my basis in .... ... read on

We manufacture and will sell equipment that mounts to the back of a truck, used for lift containers. We paid .... ... read on

I have an S Corp with a dba retail store location (coffee shop). I want to purchase a rental property .... ... read on

If a new client has had placed the entire home (including 50% of rental property) into a revocable trust back .... ... read on