TaxGuidance Team

H1B Visa Holder Rental Income: Passive Rules, Taxes, and LLCs

Controversial Issues in Accounting: Goodwill, Crypto, and Leases

1031 Exchange Repair Costs: Allowed or Taxable Boot?

Section 267(c): Constructive Ownership, Family and Partner Attribution

IRS Form 706: Filing, Deadlines, Penalties, and Extensions

How to Close an EIN Account With the IRS: Letter and Final Returns

How Long Should I Keep Tax Returns: 3, 6, or 7 Years?

Interest Reserves: How They Work, Draws, and Tax Treatment

Carryover Charitable Contributions: Five-Year Window and Ordering

Accounting for a Partner Buyout: Methods, Tax, and Filings