Archived
If I start a business (LLC) in the US as a foreign national without being a resident, do I pay taxes only where I reside?
Charles's answer
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Answered on September 26, 2017
These are complex issues both tax and non tax. You should consult with an experienced attorney and/or CPA.
There are tax treaties to consider. ...
Archived
If I quitclaim a home (worth less than $35,000) to someone will I have to pay a gift tax ?
Charles's answer
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Answered on September 26, 2017
If you gift it, you can use your lifetime exemption to avoid paying gift tax. You will need to file a gift tax return
Archived
In the case of a US C corporation owned by a foreign non resident, where does taxation occur?
Charles's answer
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Answered on September 26, 2017
The US C Corp is going to pay U.S. taxes. The owner is going to pay U.S taxes on the income derived from the C Corporation. It can be tricky and...
Archived
What should I do if I accidentally missed a court date?
Charles's answer
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Answered on September 26, 2017
You should call the court and see the status and find out what your next steps are.
Archived
Employer records impact my taxes when filing at the end of year?
Charles's answer
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Answered on September 26, 2017
If your employer paid you back wages, pursuant to the labor board ruling, in May then the amounts in May will not match the amount in February.
Archived
Do I have to pay sales tax on vehicle transfer from my C Corp. to me in MS, as I am sole owner?
Charles's answer
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Answered on September 26, 2017
I assume you want to re title the vehicle into your name. I have not been able to find anything that backs up your position. You are buying the...
Is non court-ordered spousal support taxable?
Charles's answer
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Answered on September 26, 2017
You have a separation agreement signed by both of you but does it state that it is for alimony or spousal support? It would be best if the $600.00...
Archived
I'm a house keeper And independent contractor get paid cash how do I file my taxes
Charles's answer
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Answered on September 26, 2017
You should be keeping track of how much income you have earned. From that you can deduct your ordinary and necessary business expenses. if you...
Lien for taxes
For individual state income tax, period FY ending 12/31/2006
Provided by Code of Alabama 40-1-2 and 40-29-20?
Charles's answer
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Answered on September 26, 2017
It appears that Alabama has a 10 year collection period from the time of final assessment. 4/15/2007 may or may not be the starting date. There may...
Archived
Do I pay federal taxes/?
Charles's answer
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Answered on September 26, 2017
Your basis in the house will be the FMV at the date of death that gave rise to you inheritance. Add to the FMV your holding costs and selling...
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