Archived
How would I (non-US citizen, no SSN/TIN) report any rental income received from leasing a condo purchased w/ 100% cash?
Charles's answer
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Answered on December 20, 2014
The renter is supposed to withhold 30% of the gross rents paid to a non resident alien although this is probably rarely done as this appears to be...
Medical spa tax/fee
Charles's answer
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Answered on December 18, 2014
Contact the Florida department of revenue and the county revenue office. In Florida if tax is incorrectly withheld, your recourse is to file a tax...
How does the IRS treat previously taken depreciation on a gifted property?
Charles's answer
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Answered on December 18, 2014
This is a bit complicated because other considerations include what is the type of property? Auto or house? Was section 179 ever used? What...
Archived
REPORT RE: ARR ON AFFDVT SET FOR 01/09/2015 AT 09:30
REPORT RE: STATE'S RESPONSE SET FOR 01/09/2015 AT 09:30
Charles's answer
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Answered on December 13, 2014
We need more info but from my experience these are docket entries for criminal court hearings in Miami dade. Calling the clerk in Miami would...
Archived
I have an LLC and I haven't files taxes in a couple of years for my company, what do i need to do to get all of this stuff strai
Charles's answer
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Answered on December 13, 2014
I think you should hire someone to help you. You can only deduct what you have proof of, generally. In cases where people don't have documents...
Archived
I make 50k a year through my employer(401k & IRA also). I also have a part time gig that earned me 5k this year. what can i do?
Charles's answer
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Answered on December 13, 2014
Does your employer match? That's free money. You likely have to max out your employer sponsored plan first. Another consideration is what is going...
Archived
Establishing tax residency in Puerto Rico
Charles's answer
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Answered on November 24, 2014
Check out IRS.gov Publication 570.
Significant Connection
One way in which you can meet the presence test is to have no significant connection to...
Can I get an ITIN on exception 1c if I open a savings account?
Charles's answer
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Answered on November 19, 2014
Look at IRS form w7 and its instructions. If you intend to file a tax return then the IRS can issue you an itin but it is not the same as a ssn and...
Archived
What is my remedy for being charged tax on hotel in florida for 2 years after I met exemption status after 6 months ?
Charles's answer
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Answered on October 31, 2014
You would apply to the Florida Department of Revenue for a refund if you have proof that you paid the tax.
Archived
What is the tax rate of profit distribution for a single owner corporation?
Charles's answer
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Answered on October 26, 2014
To add the the prior answers, there is an ordering rule 26 U.S. Code § 312, which states that when money is paid by a corporation, it is a dividend...
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