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2024 Returns

Task 1

Task 2

Task 3

Task 4

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Crypto Sales

I found crypto in an account in 2024 and sold most of it to pay off my 2023 taxes, and the rest this year to pay off my 2024 taxes.

How do we price the tax liability without knowing what I paid? I honestly lost a lot in the crypto defi markets, but it's nearly impossible to audit.

Could my real estate losses cover any potential

I shared the EB K1 with you

Job Loss

I just lost my job and am fully dependent on Irene until I can find a job.

This means I will have a hard time paying for my monthly FTB taxes

Is it a bad look for Irene to connect her bank accounts to my FTB payment to cover my minimum tax payments to the FTB? I will have no way to pay them without a job or savings?

- Check and write gift in the memo

The alternative is that she transfers funds to me, which you mentioned before is a bad idea.

What about her minimum payments for my bank loan?

Since I paid her as a contractor in 2024, does that raise red flags to the IRS and is there any liability for her or me in that situation

What is the timeline for the 2024 returns to be complete? I need them for the OIC application.

Estimated Q1 - Skip for now (ask the OIC)

($1,624)

Can

OIC

How exposed will I be in an OIC investigation?

Is there any liability that I should be aware of?

Is there any strategy that I should employ to keep Irene and myself protected?

Entity Structure to keep income low

Is there a legal structure for me to

If my family sets up an entity and hires me as an employee, and the entity colle

Single-member LLC

Irene →

Contract entity and owner of the entity

B2B relationship with the entity

Have other clients

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