Archived
I am a bookkeeper, working for a company that hasn't filed or paid EOY taxes or payroll taxes for 3 years. Am i in trouble?
Everett's answer
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Answered on September 04, 2015
The IRS may assess the civil penalty (trust fund recovery penalty) in the amount of the employees' withheld taxes against any "responsible person"...
Archived
Where would I get Tax Residency Certificate form filled out for India?
Everett's answer
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Answered on August 28, 2015
You need to complete and submit Form 8802 to obtain a Form 6166 Certificate of Residency.
Archived
Foreign Tax
Everett's answer
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Answered on August 28, 2015
Under the US - Bangladesh treaty income derived from land is only taxable in the contracting state - Bangladesh.
Archived
My daughter and son in law have been making mortgage payments and taxes but the house is not in their name, Do they have rights?
Everett's answer
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Answered on August 28, 2015
All they have is a right to reimbursement. To collect it, if grandma isn't willing to pay them from the proceeds of the sale, they would have to...
Archived
I was offered a job position with a non-profit organization.
Everett's answer
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Answered on August 28, 2015
The Patriot Act is not the proper justification for a background check. However, any employer, or any person for that matter, can conduct a...
Archived
IRS
Everett's answer
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Answered on August 28, 2015
As Mr. Hasselman noted, the penalty is paid with your individual income tax return. Your or your preparer's tax program should automatically...
Archived
Do I pay taxes on money from my IRA in Singapore if I transfer to the US?
Everett's answer
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Answered on August 24, 2015
If you are a US citizen or US resident you are liable for US income tax on your worldwide income and then yes, you are liable for US income tax on...
Archived
Tax attorney /Real estate/
Everett's answer
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Answered on August 23, 2015
If all she has is a life estate, she cannot sell the minerals, but may be able to lease them.
Property acquired by gift or inheritance is separate...
Archived
If I have a retail business in TX and am shipping an Item to a person In another state do I charge sales tax?
Everett's answer
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Answered on August 20, 2015
Generally, if you sell tangible personal property items to an out of state customer, and ship the goods by common carrier to the customer, you are...
Archived
What are my options for failing to declare foreign institute income and found out after receiving letter from my FI?
Everett's answer
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Answered on August 20, 2015
There are 3 options available to you as courses of action, which may vary in their applicability depending on the facts in your case and...