Can I Write Off Damages Caused by Hurricane Sandy? And More Tax Q&A – Ask the...
Ellen: What can you use from Storm Sandy as a write off? My son's home flooded and all furniture was lost and not covered by insurance. Corporate Tax Network: Ellen, I am sorry to hear that your son’s...
View ArticleWhat Can I Write Off as Startup Expenses? And More Free Tax Q&A – Ask the Tax...
Peter: After my first year of business I want to know what I can write off? How should I do my taxes(online or through a CPA)? Corporate Tax Network: Hi Peter, in the first year of business, your...
View ArticleCan I Change My Will to Avoid Estate Tax? And More Free Tax Q&A – Ask the Tax...
Robb: My in-laws are thinking of changing their wills so that individual items are bequeathed directly to specific heirs as opposed to out of the estate, as such. Is there any tax benefit to this?...
View ArticleWhen Is the First Day I Can File My 2012 Taxes? And More Free Tax Q&A – Ask...
Susan: When is the first day I can file my taxes? And how long will it take for my refund to be issued? Corporate Tax Network: Susan, due to the last minute law that was passed to avoid the fiscal...
View ArticleHas the Child Tax Credit Been Cut for 2013? And More Free Tax Q&A – Ask the...
Brandon: Has the Child tax credit been cut ? If so how much ?? Corporate Tax Network: Hi Brandon, The full $1,000 child tax credit has been extended through 2013 and beyond due to the fiscal cliff deal...
View ArticleShould I File My LLC Taxes as an S-Corp? Ask the Tax Pro 1/24/13
Mark: I have just formed my first LLC; can you briefly tell me what the benefit of filing as an S-Corp is? Thanks! Corporate Tax Network: Hi Mark, an S corporation is a pass through entity and an...
View ArticleAre There Tax Advantages to Having an EIN? And More Tax Q&A – Ask the Tax Pro...
David: For Sole Proprietors, are there advantages to getting an EIN vs using your Social Security number when filing taxes? I know getting the EIN is easy, I was told by my banker to do this to keep...
View ArticleDo I Have to File a Tax Return? And More Tax Q&A – Ask the Tax Pro 2/14/13
Brandon: Is there an amount of money one can make that the IRS dismisses before it would be taxable income? My thoughts go toward lemonade stands, and infrequent proprietary ventures, also online...
View ArticleI Haven’t Paid Taxes in Years. What Should I Do? And More Tax Q&A – Ask the...
Daniel: I haven't paid and filed taxes for 3-4 years in a row now. How would I immediately find a solution for this? Corporate Tax Network: Daniel, I would recommend that you file your tax returns as...
View ArticleCan I Claim My Adult Child as a Dependent If He Lives with Me? And More Tax...
Sheryl: My son is 20yrs old and earned 13,000.00. Can I claim him on my income tax? He lived at home for the whole year. I paid for more than half of all of his living expenses. Corporate Tax Network:...
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