Is there a penalty for not filing estimated taxes in Q1 2024 for my two member LLC with the IRS?
A couple of things to understand. First the, the underpayment of estimated tax penalty is really an interest charge for not pre paying taxes....
Houston, TX
Tax Lawyer at Houston, TX
Practice Areas: Tax, Tax Fraud & Tax Evasion
A couple of things to understand. First the, the underpayment of estimated tax penalty is really an interest charge for not pre paying taxes....
It sounds like you are. Some tax software requires you to go to the underpayment of estimated tax sections and complete that section to have the ...
You obtain an ITIN by filing a properly completed form W-7 with needed documentation
If you sell the entire parcel you will need to allocate basis and proceeds to the residential portion and the commercial portion. This would be...
The first thing you need to find out is how the government paid you the $1,400. Was it a direct deposit or was it a check. If it was direct...
You won't know this as tax information is private. The individual's employer would know
Do you mean your are exempt from withholding on your wages? I am not sure what you mean by exempt employee. If she is not withholding income tax...
Are you a W-2 employee or a 1099 independent contractor. As an employee your employer is required to withhold 7.65% social security tax and...
If you hire somebody then you are subject to wage and hour laws and yes, you have to report the wages you pay them to federal, state and possibly...
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You need to prepare a return for those years sowing what you actually owe, even if it is zero. Unfortunately your employer need to comply with the...