Debt forgiveness is considered income by the IRS. If you had a car loan (or part of one) forgiven, you should have received a 1099-C from the...

Professional preparers can go back 3 years. If you are using an off-the-rack program like Turbo-Tax or Tax-Cut, you may not be able to e-file...

This sounds like a really big company. Their bookkeeping department issued you paychecks, so their payroll company will probably issue you a W-2,...

It's not clear why your mother does not want her name on the title. She may be engaged in some form of D-I-Y Medicaid or Elderlaw planning. Or...

It sounds like the customer is a business and they want to deduct their late payment in 2023, rather than in 2024 when they actually paid you. ...

Many jurisdictions have an exemption for inter-family transfers, which this sounds like --- if you look at the beneficial ownership and not the...

If you have been appointed by the Probate Court as your MIL's Executor, then you can request a copy of her wage and income transcript from IRS. ...

There are a variety of reasons why the credit might have been disallowed. Without more information, it is hard to speculate. Suggest you...

If you do not deduct her pay as a business expense for the LLC, then it will be "wash" --- no harm, no foul. At this time, that is probably the...

If you are thinking of starting a business you need to first compile the following team: 1) a business attorney; 2) a CPA; 3) a bookkeeper. The...