Are health insurance companies supposed to send the beneficiary a document for tax purposes? And how does someone file their tax
Kaye's answer
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Answered on October 15, 2022
Insurance companies send lots of summary documents that show the total amount for services, what was paid by insurance, and what was paid by the...
Do I need to report the money I receive monthly from a family member from my home country?
Kaye's answer
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Answered on October 14, 2022
Absolutely! Anytime you receive funds from overseas, there are reporting requirements --- even if it is a gift. You need to consult a CPA or...
For tax purposes, is there any benefit in getting 1099 from bank for cashback earned when no other income was earned that year
Kaye's answer
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Answered on October 14, 2022
Generally, the IRS categorizes redemption of credit card rewards and frequent flyer miles as non-taxable. Instead of being seen as income, they are...
Can I drive Uber on OPT? If I do what happen?
Kaye's answer
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Answered on October 14, 2022
If you drive Uber, you will be breaking the law and could possibly have your Visa revoked. You need to find employment that is related to your...
What if 2 beneficiaries of a trust in Ohio don’t sign an acknowledgment form of being a beneficiary or fill out a W9?
Kaye's answer
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Answered on October 14, 2022
First of all, any Trustee should be working with an expert Probate & Trust law attorney for his/her own protection from personal liability for...
My son ITIN number was lost how to get the copy from IRS?
Kaye's answer
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Answered on October 13, 2022
Try applying for another ITIN for him. It's probably simpler than trying to track down the one that got lost in the mail.
Do I have to pay taxes on a house that my sister and I inherited with a rights of survivorship with joint tenants deed?
Kaye's answer
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Answered on October 13, 2022
Impossible to answer without more info. You would have received a step-up in basis in the portion that you received from your father, but not on...
If a person is deceased and is on the transfer and two other people are on the transfer and still living how do you remove?
Kaye's answer
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Answered on October 13, 2022
You need to consult an expert probate law attorney so that he/she can examine the document in question and advise you accordingly.
Hi just wanted some advice about an LLC that I set up to file as a corporation and file form 1120 with IRS?
Kaye's answer
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Answered on October 13, 2022
Your question is unclear. You really need to sit down with a CPA or a tax attorney and discuss your situation. If there was no income, you...
Hello
My son passed away on September 22/2022 he was a local artist he wasn't signed to a label but he had a manager ?
Kaye's answer
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Answered on October 12, 2022
You will need to find the right attorney(s). You will need someone that handles probate & estate work, as well as someone familiar with copyright...
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