I gave someone a W-4 form and it's time to stop withholding taxes and 1099 them instead. What form do I need to use to do so?

If you are the employer you can choose how to pay your employees. Just give the appropriate notification to the employees involved. Once they are...

Should my employer withhold my taxes?

Your employer can choose to pay you as an employee or a 1099 independent contractor. There is not much you can do to dictate how the employer...

How much taxes will i owed if I sell the house my mom lived in?

As a high income earner it is important that you retain a tax attorney now to minimize taxes on the future sale of a home. You will also need some...

Can my tax return be withheld after a bankruptcy filing to pay off the debt?

Many people don't realize that once they file bankruptcy there are tax consequences. It is important the the person filing your tax returns after a...

Can the amount in box 2 of form 1099-c (amount of debt discharged) be disputed? Can this added income be avoided?

It is possible to get the income cancelled from the short sale of a property in certain situations. There are many variables in determining the...

If an injured spouse does not file a Form 8379 at the time of regular tax filing the child support intercept will take all or a part of the tax...

What is state taxes and general sale taxes ?

If you itemize your deductions you have the option of claiming either state and local income taxes or state and local general sales taxes. To be...

Can you resubmit your returns when you elect to be a s - corp from a c - corp ?

Unfortunately, the S Corp selection is not retro active. However, there may be other ways to get tax deductions for your corporation. Having a tax...

Filing Tax returns, Can't add the student loan interest that I paid before my separation with my spouse.

There are lots of things to consider when you are married. You can file as married filing jointly or married filing separately. There are...

Is any property bought during the marriage marital assets regardless of whews name is on the title ?

It does not matter if there is no proof. The asset was purchased while you were married. If this answer was helpful please it as helpful.