How do I deal with the fact that my accountant sent my income tax 11 months late and i received letter with penalty for $2145.

The IRS can be slow to respond, but rather than wait and worry, you can contact them at 1-800-829-1040. Let them know that your accountant told...

Had a meeting with my CPA about launching a employment Agency business?

Generally, independent contractors are not required to have workers comp coverage. The contractor is responsible for his/her own taxes. However,...

I agree with the other answers posted, but just want to clarify that a sole proprietorship cannot elect s-corp status. You must first form either...

How do I pay taxes on the proceeds of the sale of my parents home?

You don't mention whether or not you lived in the home, so I thought I would just add that if you lived in the home as your primary residence for...

You will have to check with your county clerk, but you may be able to file an amended business certificate application to register under the new...

Does my NYS self employment tax already include the UI contributions due on form NYS-45?

NYS does not impose a self-employment tax. There is a federal self-employment tax that is reported and paid on form 1040. The NYS unemployment...

Do I need permits and sales tax certificate of authority? or any other legal bindings

You will need to check with your county to see if there are any local requirements for home-based businesses. Most likely you will need to at...

Tax preparers are obligated to return to you the documents that you provided to them - within a reasonable amount of time of your request. They...

Can I get reimbursed for taxes that my parents and myself have paid on property that they/I do not own?

If the tax assessor received an overpayment on property taxes they are not entitled to just keep it. Based on the assessor's response (for you to...

With no income, and stated as a Dependent on parents joint Tax return, how to answer Q: Did you ever not filed taxes, Yes or No?

The question is asking if there was ever a 'failure to file a tax return,' which I believe implies 'failure to file a tax return when required'. ...