Will I pay taxes, as a beneficiary, on my inheritance if I complete the W-9 form to the estate planning attorney? Thank you.
Charles's answer
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Answered on November 12, 2018
You are not taxed on inheritance, you could be taxed on the income the assets produce. This is a question you should direct to the estate planning...
Archived
How do i best pay myself in a SMPLLC taxed as an S corp.
I own a SMPLLC in Texas. It is taxed as an S corp. ?
Charles's answer
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Answered on November 12, 2018
You don't really have an option. You need to take a reasonable wage for the services you render to the LLC. On the form 1120S it asks for a...
Archived
Are proceeds received at death from a mutual fund taxable by the IRS as taxable income for the beneficiaries??
Charles's answer
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Answered on November 12, 2018
No it is not income taxable to the beneficiaries. She should take it in kind and not have the fund liquidated prior to receiving her share if the...
Archived
How can I get my refund from the irs
Charles's answer
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Answered on November 12, 2018
Apparently you haven't provided documentation to the IRS proving you are entitled to HOH filing status.
Archived
Can a consultant/friend (non family) that helped another persons business in a major turn around be gifted $3 million ?
Charles's answer
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Answered on November 12, 2018
Why is this a gift and not compensation for services rendered? That will be a big hurdle to overcome.
Archived
I haven't filed taxes in years. Am receiving work comp payments. Can the IRS take money from my payments?
Charles's answer
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Answered on November 11, 2018
It is against IRS policy to take WC. So as of now they are not doing it. Have you even received an intent to levy notice? It may be worth your...
Archived
Can she file me head of household when we are married ?And not have any children dependent living with us &. And she signed
Charles's answer
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Answered on November 10, 2018
Your facts aren't jiving. A head of household filing wouldn't have your name or social security. It doesn't sound like she qualifies for HOH.
Archived
Can i withdraw money to pay IRS ?
Charles's answer
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Answered on November 09, 2018
Sorry, have no idea what you are talking about.
Archived
Hello. How can the city government state that they will auction my mom's house, to pay for abatement cost.taxes are paid up 2017
Charles's answer
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Answered on November 09, 2018
The first thing you need to do is take all the paperwork to an attorney to review so he/she can assess the situation and advise you properly.
Archived
How to get so the other parent has to work with you in filing for the education credits for college expenses?
Charles's answer
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Answered on November 09, 2018
You really need to consult with a qualified tax preparer. There are no more dependency exemptions starting in 2018.
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