What should I do when I am paid as an independent contractor but scheduled to work like a W2 employee?

You should either be happy to work there, or you should take your book of business to another shop. Although there are some incidents of you being...

I am a Resident in the US. Last year in form 1040 I did not disclose my rental income from my country of citizenship in Asia.

You will need to file an amended 1040 to show the rental income and also the tax expense. You should have this return prepared by a CPA. If the...

You can make the changes without filing anything with the State. However, you will need to adjust the percentages in the 1065.

1099 vs W4, employer encouraging me to go 1099. If 1099, will I be covered in case of injury? What are the pros and cons of both

The truth is being a subcontractor can benefit both you and the company. You need to get enough money to cover your taxes and worker's...

Does a 1 member LLC that originally filed 2253 in 2014 need to file 8832 or take other action if taking on a 2nd member now?

As a single member LLC disregard entity, you would file a Schedule C in your 1040. From the day you add an additional member, your will be taxed as...

Do I have to pay tax on revenue or on profit in the US

Yes, if you set up a US company it will have to pay tax on worldwide income. The business can deduct expenses that it pays anywhere in the world,...

First, it you should consider whether your New Jersey tax and business attorney advises a corporation or limited liability company. If it is going...

How do i know if child support is a taxable income?

Child support is taxable; alimony is taxable. Please make sure it is specified in your separation agreement and forced decree. I hope this...

Worker refused to give information for 1099

Frankly, you can do nothing. Anything you do will only interfere with the relationship between your husband and his brother and will only make you...

This seems very similar to the question that was asked in the past week. First, you would not be required to sign an agreement between CPA in you....