The ordinary business income is taxable to you and increases
your basis in the entity, the distribution decreases your basis, but generally does
not affect you ...
To claim head of household filing status, you must have a dependent
(the dependent can be either a "Qualifying Child" or "Qualifying
Relative") click here
for t...
No, an executrix
of an estate is not required to file Form 1310 to claim a refund for a decedent.
Form 1310, click here for
the instructions, must be complete f...
The only deductible closing costs are those for interest, and
deductible real estate taxes. Other settlement fees and closing costs for
buying the property beco...
You can report
your multi-member LLC as a partnership, and you would enter the total of the 1099-K
and all appropriate deductions on the Form 1065 Partnership T...