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I don’t believe that question can be answered here. No one knows your current financial/tax situation. What are you assets? What is your net income? Do your business liabilities exceed your...

Yes, I believe that is what he is saying. A sole proprietor that forms an LLC, and does not elect to be taxed as an corporation C or S, is a disregarded entity and the taxpayer is in the same tax...

Champion for me. Do a search for Champion 188 and you should see an old thread on Champion vs Procraft. Don’t know if it will help.

:praying:

I think you have your rate wrong. The rate should be .6% so you would pay $240 on a car or boat valued at $40,000. The rate would vary by county as each county sets their own rate. If you live...

According to IRS the wait time on amended returns is over 20 weeks. It does not matter if filed electronically or paper filed. It is a slow process. At one time all amended returns were reviewed by...

Small town - 18,000+. County population 40,000+. Currently building a new hospital affiliated with Sentara out of Norfolk. Quite a few retirees.
Most every river has at least one boat ramp, some...

Sweet!🏆

Possibly related to the algal bloom?

https://www.arcgis.com/apps/dashboards/7543be4dc8194e6e9c215079d976e716

The way to get around those high rates is to have the trust distribute that income to the beneficiaries (if the trust document allows it). The distributions have to be made during the year or an...

My recommendation = Opus 9

:thumb up2: Sweet!

The quarterly Form 941s do not show individual names and wages so SSA will not have your earnings for 2022 until the W-2s are filed by the employer and then SSA will have to process them before the...

45 and dropping.

That is true, but unfortunately many of the laws lead to a lot of interpretation leaving the IRS to writing pages and pages of regulations which may or may not agree with what Congress meant. ...

You should be able to document that the check came from your parents. If you can’t do that there could be a problem for instance if they gave you cash and you deposited it. Unless the IRS has some...

:praying:

No, gifts are not subject to income tax.

Food Lion 29 cent deal also.

Go to the Elizabeth City Bassmasters web site and go to the area schedules. That will show you most of the clubs in the area. They have the phone number for some of the club contacts. Kenneth...

RIP :praying:one of the greatest. 2 NCAA championships and 11 NBA rings pretty much sums it up. If you have never read “Go Up For Glory” and you are a Russell fan, you should try to find a copy a...

IRS says it may take up to 6 months to receive a refund on a paper filed return.

You may want to check--- Refunds | Internal Revenue Service (irs.gov) to see if they have started processing your...

You cannot do a 1031 exchange of personal use real estate. To qualify for a 1031 exhange it must be investment property and although there may be an investment motive for owning a second home, the...

George Becker
Johnny Valentine
Haystack Calhoun