Thanks for your question today!
If your 1099 reflects only the payments received for services, then you would not report the reimbursement as income and would ...
Since you stated that the entity will be taxed as a C Corporation, then yes, if you are providing services to the corporation you must be paid reasonable compen...
Jeff,
It's possible that no tax would be owed. Please take a look at the "inheritance" section of this article. It explains that if the asset was received by i...
Itemized deductions on Schedule A include things such as medical expenses, mortgage interest, property taxes and charitable contributions.
Deductions against t...
As it sounds like all of these expenses were incurred after the property stopped being rented out and in order to make it livable as your personal residence, th...
