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Employee Tax Expert

I am an Enrolled Agent with the IRS and have been preparing tax returns for individuals and business for more ...

Employee Tax Expert

Franklin F. Enrolled Agent with the IRS, EA, for 28 years.

Employee Tax Expert

TurboTax Live, Biz-Tax Tax Expert, CPA MSA-Tax - Experience including construction, entertainment, medical, re...

Employee Tax Expert

BBA, MBA, JD, CPA, CMA, CFM, CGMA

Employee Tax Expert

Enrolled Agent

Trending Discussions

Combing a Business Meeting with a Vacation Trip and deducting for Taxes

Hello! I am interested in how to properly deduct a legitimate Business Trip in conjunction with a Vacation.

Rip off! Scam!

You would think after what everyone went through during Covid-19 that these financial matters wouldn’t be a problem. That people who work for these tax companies would provide the best service and integrity to tax payers. I have expenses plus a new b... read more

Can Turbotax see an offset?

Filed 2/16 or 2/17. Im sorry I dont want to get anyone in trouble just confused. Called Turbotax to ask if I should amend my return since im on 120 day hold and have received no notice of any kind from IRS despite visiting them in person 2tines. Im f... read more

1120 S Corp

I closed my business a few years ago and once a year I receive a payment from the corporation I sold it to for the sale of my clients for the next 10 years. I am not in business selling or nor do I have employees so my question is on the 1120 S tax f... read more

Sole Proprietorship & Retirement Contributions

As a Sole Proprietor, can I deduct a monthly fee to a service that manages my retirement account?

For a small business S-Corp, the owner was taking a paycheck but then stopped because they couldn't afford to take a paycheck.

The owner can't take distributions during that time, but what is the best procedure for when they are ready to take a paycheck again? If they didn't take any distributions, can they simply resume taking a paycheck?Also, if they did take distributions... read more

Sole Proprietor or LLC?

I am a sole proprietor at this time, no employees, and make less than $50,000 gross income most years. I carry Errors and Omissions insurance (I'm in an architectural related field). I keep a separate business bank account and a separate company file... read more

Purchasing stock photography on clients behalf

I am a freelance Graphic Designer. My client does not have a stock photo account but I do. So I have been purchasing stock photos on their behalf and adding those charges to their overall project invoice. Will this be considering business income even... read more

Can I expense vacation costs if I've conducted business?

expenses?Can I expense vacation costs if I've conducted business?What is included in the cost of goods soldHow do I maximize the deductions for my side gig?Are there any tax benefits if I employ my family members?Can I deduct business use of my phone... read more

proof of purchase

What kind of proof do i need to keep to show that a particular purchase was for a bbusiness expense and when / where would i need to present that proof?

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Combing a Business Meeting with a Vacation Trip and deducting for Taxes

Rip off! Scam!

Can Turbotax see an offset?

1120 S Corp

Sole Proprietorship & Retirement Contributions

For a small business S-Corp, the owner was taking a paycheck but then stopped because they couldn't afford to take a paycheck.

Sole Proprietor or LLC?

Purchasing stock photography on clients behalf

Can I expense vacation costs if I've conducted business?

proof of purchase

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