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

A taxpayer bought a condo for his son to live in rent free in 2005. The son moved out in .... ... read on

If my only income is social security and investment income, can I still contribute to an IRA? If not and .... ... read on

A taxpayer received a Canadian Statement of Amounts paid to Non Residents of Canada, Form NR4. It was for pension .... ... read on

What's the correct way to capitalize software costs for a single-member LLC? I'm currently incurring startup fees and software development .... ... read on

We have a C corporation with one person as the shareholder. We receive mortgage payments which is secured by the .... ... read on

If I become a legal resident of Puerto Rico, is my NY State Teachers pension subject to Federal Income tax? ... read on

Taxpayer has not been able to claim his daughter on his tax return because she did not have a social .... ... read on

I moved to a different state last year and forgot to inform my employer of the address change. As a .... ... read on

Is there a benefit to selecting a taxable year that is more apropos to a business? A client works the .... ... read on

If the president of an S Corporation ends withdraws more distributions than their basis, how is the difference booked for .... ... read on