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Ronald J. Cappuccio's Answers (3707)

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Am i in the right or the wrong?

Ronald's answer | Answered on February 01, 2016

You are wrong! Since you were married as of December 31, 2015, you must file either Married Filing Separately or Jointly. Please go to a...

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How can I quickly repay my tax debt?

Ronald's answer | Answered on February 01, 2016

Please see a good family law lawyer. This is a joint obligation and should be addressed in your divorce. I hope this helps! Ron Cappuccio

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Should file an #8832 (Entity Classification Election-to tax my LLC as a Corp ?

Ronald's answer | Answered on February 01, 2016

Most likely, that is a poor idea. The LLC is usually best as a single member disregarded entity for federal and state tax purposes. This way you...

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Income tax return

Ronald's answer | Answered on January 31, 2016

Yes, all adults should file a tax return every year. If you do not file a tax return, there is not limitation on the IRS auditing you for that...

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Should I initiate a Congressional inquiry? Should I sue TurboTax?

Ronald's answer | Answered on January 31, 2016

You need to hire a tax attorney to help you with your serious difficulties. TurboTax is okay for people that have W-2 income and have no...

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I found out someone may have obtained a Social Security illegally what should I do?

Ronald's answer | Answered on January 31, 2016

Frankly, you'd be best just to stay out of it. Good luck! Ron Cappuccio

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Will I need to pay capital gain taxes in the US or can I re-invest the profit in AUS w/o paying capital gain taxes to the US?

Ronald's answer | Answered on January 31, 2016

First, as a US citizen, even with permanent residency in Australia, are still required to file an annual 1040. Also the sale of your principal...

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Is the money I give to the church subtracted from the amount I owe in tax return or is it just a deduction on taxable amount?

Ronald's answer | Answered on January 31, 2016

Presuming your church is a valid charity, and not some type of scam, it is a charitable deduction which affects your adjusted gross income. It is...

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Can the company get away with this?

Ronald's answer | Answered on January 31, 2016

The company is not getting away with anything! Just because you live in the state that has income tax, if they are not doing business in that...

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What can I do

Ronald's answer | Answered on January 31, 2016

First, hire a good reputable text preparer for filing your 2015 1040. The tax preparer will help you get copies of the W-2 and other four 2014. The...