Unanswered Tax Questions

Tax Forms

Do I need to pay personal property tax in DC if I run my small business out of my rental apartment?

I'm filing out the FR-500 to register my LLC in Washington, DC. The form is asking if I will own or hold trust any tangible personal property located or available for use in DC? It says I have to answer yes if my physical address is in the district. My apartment is my business address but I'm wondering if this applies to people who rent?

Investment and Finance

Log term capital gains

what is my capital gains tax for long term stock sales and how can i offset any of these gains? I have an scorp.

Personal Taxes

Work

I was offered job at 40 hr 12.00 taxable and 28.00 stipend it's for temp service. Would I have pay on taxes

Personal Taxes

Annunities paid on death of parent /Savings Bonds

How will I be taxed on the income I am receiving from 2 different annuities that have been passed on to me from my mother's death? I also revived 2 10K savings bonds POD that have matured years ago. What taxes will I be responsible for in 2023?

Miscellaneous

gifted equity tax

I am selling a rental property to my son. there will be some gifted equity and I am trying to estimate the tax consequences.

Tax Forms

I just started my own company and I have to pay my quarterly taxes. What's the best way to pay them and which form?

Family Issues

Selling home/trust

Parents deceased home was in a trust! Sold house have net proceeds from sale of house? Are there any taxes that I will have to pay on that (I’m the trustee)?

Deductions and Write-Offs

I must include the Solar Installation on my Tax Return, but I have not had to file in over 5 years...I'm 73

How can I prevent the monthly deduction for the Solar from not going up If I don't file?????

Tax Filing Tips

Failed LLC

Ellen Verified CPAs, 10+ years of experience Save time and money. Get specialized help. Pearl Pearl Wilson, Accountant's Assistant Welcome! How can I help with your tax question? You Hello, I started an online ecommerce business (LLC) last year in Kentucky. All start up costs and merchandise was purchased in 2022. Although my business and website were fully functional, I was unable to advertise and market due to a family emergency. So, I'm wanting to know the best way to approach this on the income taxes to benefit my family the most. My total business expense was approx. $17,000. I'm married and file jointly therefore the standard deduction seems to best choice. What would you advise?

Personal Taxes

House Appraisal for inherited home for capital gains information

I sold an inherited house, that I did't live in, in Florida last month. The decedent past away a year ago and I wasn't informed to get an appraisal done at that time. Is it necessary for me to get a retrospective appraisal for possible capital gains taxes