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I have two single-member llcs. One of them is being dissolved, but i have inventory and cost of goods deduction saved?
Eric's answer
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Answered on April 10, 2019
This is a far more complicated question than can be answered on this website but it is doable. I suggest you get tax advice from someone that...
Archived
Can I include income from the spouse seeking the green card?
Eric's answer
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Answered on April 08, 2019
You both can always agree to be taxed on worldwide income in a joint return. If he's not a citizen, not a green card holder and not in the US for...
Archived
Im in the process of divorce and i owe social security,
Eric's answer
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Answered on April 02, 2019
First, the IRS can take social security payments but you might also qualify as an injured spouse if the taxes were not owed by you. If you filed a...
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Capital gains tax for homes sold that had Medicaid (Mass Health) Liens
Eric's answer
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Answered on March 30, 2019
First, if she lived in a nursing home the previous residence is STILL CONSIDERED to be her primary residence and so she still can exclude the...
Archived
How do I get a 1099 removed?
Eric's answer
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Answered on March 30, 2019
There’s not a lot you should do. You don’t report the income & if audited (not likely) you explain it wasn’t paid. I don’t know why you would’ve...
Archived
Capital Gain on real estate?
Eric's answer
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Answered on March 26, 2019
Each person will report on their own 1040 form the proceeds at 1/6 each. if this is a primary residence for anyone then each person [if single] can...
Archived
1. can I deduct this lawyers fee on my taxes ? 2. do I have to pay taxes on the lump sum settlement ?
Eric's answer
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Answered on March 22, 2019
The questions isn't 100% clear to me as I presume LTD means long tern disability. Also, they should have taken taxes out. I highly recommend you...
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I live in Ma just wondering If I need to claim alimony If were not divorced yet and it's only a temporary order
Eric's answer
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Answered on March 20, 2019
Generally, temporary support is not alimony but the only way to know is have a tax lawyer review the order.
If I live in Massachusetts but work remotely for a company in New York which state do I pay taxes to?
Eric's answer
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Answered on March 20, 2019
The answer depends. If the person hired in NY is an employee then yes, you will need to file as a non-resident in NY and resident in MA [getting a...
Archived
Change Filing Status from Agreement?
Eric's answer
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Answered on March 19, 2019
Yes, you can change from separate to married on the 1040 any time within 3 years of the filing date but you can never go from joint to separate. So...