How do I file taxes when my single member LLC is unprofitable but I’ve transferred $ to my biz account to pay for expenses?
Kaye's answer
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Answered on December 23, 2023
Accounting for owner's equity is a bookkeeping question. You need to have a good bookkeeper --- a contract bookkeeper who you pay a few hours...
How do I remove my deceased mother's name from our house title we are both on
Kaye's answer
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Answered on December 21, 2023
The answer depends on the type of title that you own. If you are joint tenants with right of survivorship, title automatically vested in you upon...
My business partners and I created an LLC- We are now trying to file for an EIN number but it only asks us for one member's SSN.
Kaye's answer
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Answered on December 21, 2023
You should put down the SSN of the member who will be responsible for signing the income tax return.
How do I determine my new property basis after I buy out my tenant-in-common?
Kaye's answer
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Answered on December 21, 2023
If you and your Ex purchased the house for $118 K, then your basis in the property would be 1/2 times $118 K, plus whatever you pay your Ex for his...
Is the beneficiaries of the sale of a life estate house taxable?
Kaye's answer
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Answered on December 21, 2023
Your tax basis in your remainder interest in the property would be the fair market value (FMV) of the property at the time of your father's death,...
I bought a wft shack that I tore down to build my current house. If I sell my home, is the purchase price of the lot deductible?
Kaye's answer
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Answered on December 21, 2023
The cost of the lot and the demolition, site prep, and construction of your new house would all be a part of your tax basis in your house. ...
Can I stop local tax garnishment?
Kaye's answer
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Answered on December 21, 2023
If you are at the poverty level, then you qualify for Legal Aid. Contact a Legal Aid office in your community and ask them for assistance.
In the state of Ohio, what is the fee an executor can received?
Kaye's answer
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Answered on December 20, 2023
Executor fees are calculated based on the value of the assets in the estate, as well as the type of assets and whether they are sold or distributed...
As a new SPC (Secured Party Creditor) starting a new job position; what tax forms do I need to be exempted from paying any tax?
Kaye's answer
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Answered on December 19, 2023
You seem to be confused. You need to sit down with a CPA or tax attorney and have him/her explain things to you. Expect to pay for the...
Why would the probate court tell a surviving daughter to not file?
Kaye's answer
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Answered on December 19, 2023
First of all, court personnel are not supposed to give legal advice --- technically, that is the unauthorized practice of law, which is illegal in...
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