Can business get a tax deduction for a virtual assistant ( Independent Contractor) as a business expense?
Eric's answer
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Answered on September 20, 2018
One of my clients, a public adjuster, uses one. So long as you have documentation for the work you paid for overseas, and it's an ordinary and...
Archived
If I, as the bookkeeper, enters personal expenses as business expenses, am I liable?
Eric's answer
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Answered on September 17, 2018
If you knowingly put as deductions expenses that you know are improper and as a result the taxpayer reports them incorrectly to the IRS or the...
I am an American citizen who lives in Hong Kong and owns a Hong Kong registered company in need of USA subsidiary.
Eric's answer
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Answered on September 17, 2018
This type of question is best answered in a face to face meeting with a tax lawyer. This forum is not a good place to answer this very complex...
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Do I need to file Personal Property Tax if I am running a business out of home as a single-member LLC in Boston, MA?
Eric's answer
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Answered on September 15, 2018
If you use the LLC name as your business name then you don’t need to file a DBA. That’s only needed when the business doesn’t use either your name...
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How do I find out if my absentee father claimed my siblings and I as dependents on his taxes?
Eric's answer
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Answered on September 15, 2018
Your date of birth and social security number should be known to you and provable by you with a birth certificate and a Social Security card. If...
I was just approved for an O-1B visa. Am I able to earn income from anyone other than my sponsoring employer?
Eric's answer
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Answered on September 15, 2018
This is not a tax question but for immigration to whom I have forwarded your question.
Which options in Mass Tax Connect under business registration do I choose as an LLC single member independent contractor?
Eric's answer
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Answered on September 15, 2018
A single member LLC is treated as a proprietorship for tax purposes to both the IRS & MA including MA Connect. If you have no employees you don’t...
Archived
Can my ex come back after waiving support?
Eric's answer
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Answered on September 13, 2018
You need to ask a divorce lawyer this and I’ve forwarded this question to be answered by them.
Archived
Is it too late to apply for 1031 tax exchange for a real estate closing transaction within 2 weeks? how much is the filing fee?
Eric's answer
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Answered on September 11, 2018
It’s not too late but you must hurry & hire a tax lawyer right away. You cannot close unless you do this ASAP.
Archived
Can I reinstate my F1 status before my TPS expires?
Eric's answer
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Answered on September 06, 2018
This question is for immigration lawyers so I am forwarding it to them. One of them will respond to you.