Tax Filing Tips
The most frequently asked tax questions related to Tax Filing Tips
Irrevocable Trust assistance
Asked Friday, August 07, 2026 by KellyGuardian is no longer living of the Irrevocable Trust. Taxes have not been filed on property that’s included in the Trust. No bank accounts, rental income or any income from the property. Are taxes to be filed on the Trust?
Quick Answer:
Can spouses living apart file taxes jointly?
Asked Saturday, June 27, 2026 by ElaineDo spouses have to live at same residence to file joint tax return?
CPA Answer:
Spouses who are living apart can generally still file a Married Filing Jointly tax return as long as they are legally married on the last day of the tax year. Simply living in separate homes does not prevent a couple from filing jointly. Both spouses must agree to file a joint return, and each is generally responsible for the accuracy of the return and any taxes owed. In some cases, couples may choose to file separately, such as when one spouse has concerns about the other's tax reporting or when filing separately provides a better tax outcome. However, if the spouses are legally separated under a final court decree by the end of the tax year, they are generally considered unmarried for federal tax purposes and are not eligible to file a joint return.
Adam Osiason
S-Corp Owner, No Payroll, Need 1120-S Help
Asked Tuesday, March 03, 2026 by ZacharyI own a single-member S-corp. In 2024, I had one client, earned ~$37k via 1099, and did not run payroll — I transferred funds directly to my personal account. I know this raises an IRS "reasonable salary" issue. I need help assessing my exposure, whether corrective action is needed, and filing my 1120-S.
Quick Answer:
Partnership return form 1065
Asked Friday, February 13, 2026 by WAYNEIn a family limited partnership in Texas, if one of the general partners died in January 2026, will the year 2025 partnership return form 1065 and k-1's be filed as usual, the death in 2026 not having any impact on the return for 2025?
Quick Answer:
Additional senior deduction for 2025
Asked Friday, January 30, 2026 by WILLIAMAccording to the IRS website all I need to do is check the box that I am over 65 and include my SSN. The IRS adds the $6000 additional deduction when they receive my return. Before the $6000 senior deduction I owe $641. With the deduction I owe $41. When I submit my return which amount should I pay?
Quick Answer:
Implications for Responsible party using SSN for filing with IRS for EIN/TIN
Asked Monday, September 08, 2025 by CharlieWe’ve set up a VA corp wholly owned by our UK parent. One US citizen officer (VP of Growth) could be listed as IRS responsible party to get EIN instantly, or we can file with a foreign director (slower). What are the implications for her if she’s the responsible party now and later removed via 8822-B? Any ongoing exposure/liability? Or if indeed she remains as responsible party and isn't removed? What are the implications if she leaves the business?
Quick Answer:
Sales Tax in Florida
Asked Monday, September 08, 2025 by DeidreI am an independent author and want to sell my books at a local convention. How do I collect and then submit the sales tax?
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Tax Implications of Family Funding for EB-5 Visa
Asked Wednesday, September 03, 2025 by AbhishekHi All: I am trying to understand the tax implications around borrowing vs receiving as a gift, half a million dollars from my family (brother). I am exploring options to apply for an EB-5 visa and need $800,000 to do so. I am partially funding it through my savings, and the rest will be covered with help from my family. I want to understand what the most tax-efficient way of doing so is (both for my brother, who will be gifting the money, and me, who will be receiving it). Thank you, Best, Abh
Quick Answer:
Taxes on gambling winnings
Asked Friday, February 02, 2024 by MichaelI am getting some confusing information on gambling winnings that I hope you can clarify. I have approximately $28,000 in W2G events in a casino app. But, in the app my year end win/loss shows a win of only approximately $3,000. Do I report the whole $28,000 in income? And if so, can I also deduct the $25,000 loss if I itemize?
CPA Answer:
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