Taxes

Hello, I don't think I've met anyone who enjoys tax surprises! A payment plan or installment agreement with the IRS pauses collection actions...

Form I-864 - have you filed federal tax for the most recent three years.

Hello, I hope the immigration process goes smoothly for you. I understand how question 18a may imply that you would not qualify as a sponsor if...

Can I pay / take title to property in a trust and still deduct the interest on my personal taxes?

Hello, congratulations on your second home. \Whenever a grantor of a trust is treated as the owner of the trust for federal income tax...

Do I have to pay tax if I & my wife make 17,000 usd income per year?

Hello, Unfortunately, if you are given a 1099 with the amount reported in box 7 as nonemployee compensation, you are likely required to file an...

What's the approximate tax bill she is looking at? Thanks!

Hello, I hope all is well. I apologize in advance if I make incorrect assumptions about the source of the funds on the 1099.. The amount your...

Is this a proper use of my 501C3? How do I set up the dba under the 501C? and how do I explain it in my receipt for donation?

Hello, congratulations on the expansion of the funding of your organization. May I ask, is the ultimate goal to establish and protect a trade...

What can I do about this? As the statute is about to expire, can I have the lien removed?

Hello, I'm sorry to hear about the notice informing you the lien has been refiled. It appears the assessment date (the start date of the 10 year...

Hello, I am happy you have been successful in business thus far and are planning a move to more temporal climate!. From a tax perspective, the...

What do you think? Can we take this fund-raising device digital? What lines shouldn’t we cross?

Hello, I'm glad to hear your established organization is growing. Anytime a tax exempt organization receives a new funding source, or...

Should we file for a married joint return for 2015 & does it need to report income for my spouse if he has worked outside USA?

Hello, I am happy to hear you guys have been successful. The good news is that you should be allowed to file a joint tax return, although under...