I operate a multi-member LLC, but wanting to be taxed as an S-Corp, do i have to run a payroll if my current earnings are low?

Yes, technically members that work the business need to be paid wages or salary for those services. Reasonable compensation is the industry term....

This is not a tax question. You need to talk with a real estate lawyer. But I believe surviving spouses that inherit and reside in the home can...

Can my ex wife get part of my social security income even if we were married less than ten years and what % .Thank you.

This is not a tax question. I believe she needs 10 years of marriage.

Tax question?Please help

Has this even been reported to the credit bureaus? Have you checked your credit reports?

She should be able to get a copy of her IRS wage and income transcript. that will show the information on her W-2. I would pay attention to the...

If you all own the house then you are all responsible for the taxes and upkeep. if there are seven of you, then the sibling moving in should pay...

How are tax deferred annuity payments taxed if the money used to start the annuity had been previously taxed?

Since you bought the annuity with after tax dollars then the distributions will be allocated between return of principal and income. You will pay...

Can I file taxes for my daughter who is a felon and has lived with us since her release?

I don't know what you mean by Can I file taxes for my daughter. She should file her own taxes. You maybe able to claim her as a dependent as well...

Since the LLC is a separate entity you should have a written agreement and money that flows between you and the LLC should be done with an actual...

I work for this company I filled up my form and I put 7 dependents married i put exempt thwy decided to put me married with 0

computers don't get confused. Talk to HR and have the situation corrected. Whether or not they issue you a new check or just fix it going forward...