How does tax return work when you live (in VA) and work (in NY) where there are no reciprocity agreements?
VA allows a credit for taxes paid to another state.
Washington, DC
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VA allows a credit for taxes paid to another state.
Okay to let lapse, but you cannot keep the same EIN.
Audit Tip: Ask your Lawyer for an Itemized bill, clearing showing the time spent on tax matters.
The annuity was cashed in before death, so the decedent needs to file a Final 1040, personal income tax return.
Paypal doesn't automatically issue Form 1099K for PSE sales transactions (only for those over 20K/yr and 200 transactions/yr).
Most likely and you will want to deduct it for sure. Send them a W-9 Form before you cut the check and see how they fill it out. Generally,...
You would only owe CA if the work was actually performed in state - CA Source Income, so File Form 540NR with zeros.
No...you can get an EIN as a Schedule C sole proprietor.
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You may want to register the LLC in DC as a Foreign LLC or close the out of state LLC in favor of a DC LLC. What type of business is this?
If you are seeking an income tax benefit, consider paying interest on the home mortgage (deducted on Schedule A) - instead of an outright gift...