Dad died, no death certificate yet, 2023 taxes not filed, what do ! do? My dad passed last week and had basically nothing in terms of property nor cash (can’t access bank accounts yet but I’m pretty sure the $25 in his wallet and two lotto scratchers is everything he had). He was living in…
Legal Ways to Lower Tax Burden Hello, I have recently had quite a change in income. My tax estimate shows about a potential $600,000+ owed for fed and state. I’m here asking because i truly don’t have anyone else to ask. I don’t have a financial advisor, have mostly been self taught financially in my…
1031 Exchange on a Vacation Rental I have a vacation home in Florida that if sold, would incur a significant gain. The property is regularly rented (140 nights a year) and generates 115K/yr. My problem is that my family uses the house about 50 nights a year – which is my concern. Usage is mostly in the…
Can IRS garnish my husband’s wages for my IRS tax debt? I currently owe about $60,000 to the IRS for the combined tax years of 2023 and 2024. I have no assets and I am self-employed, and would eventually like to marry my fiancée but I don’t want to put his wages at risk. If…
IRS Letter Code 570 $12K refund 2023 I am at my wits end. Tried to be patient with the code. Then spent the last few months off and on trying to contact the irs and use all the hacks to get to a real person – impossible. What can I do? What recourse do I…
SBA default on EIDL I see many posts about SBA loans with no PG default and after closing the company the debt clears. (Lack for better words). I have a colleague who runs a small art company and took an SBA loan out during the pandemic. No PG and it was for about $25k. She has been…
First time 1031 exchange Sorry, This is a long one! So my husband and I have an S corp (general contractor) that had to file a lien on a customers project for non payment. Construction stopped after 3 months of no payment and we were only half finished with the project. The owners said they…
EIDL default…scared and don’t know what to do… I have an EIDL of 130k. Made some payments but it’s become impossible in the last year to keep up. My business is almost non existent at this point and I am now working a part time hourly, minimum wage job. I don’t know what’s gonna happen….
1099 Contractor who did not put money aside for taxes…what to do? Hi all, I was hoping to get some advice from others who have been in a similar situation. I was a 1099 contractor in 2023-2024 and I did not put away money for taxes. I know I should have researched the proper way…
SBA Loan questions… Loan question My wife is applying for an SBA loan for a business in which I hold less than 20% interest. She has a 760 credit score. My credit score is around 580 right now (I know). We’re not in a community property state. Will SBA lenders look at my credit too? Will I be required…
