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WIll there be any Tax exemption or what will be the tax ratio on the online Business operated from some other country?
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Answered on October 13, 2014
As the other attorneys have stated, you probably don't have a concern about state income taxes. You ought to also consider federal income taxes,...
Archived
Should I get a K1 if I am not receiving self-employed income?
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Answered on October 13, 2014
If the LLC elected to be taxed as an S Corporation or a Partnership, you should get a 1120S K-1 or a 1065 K-1, that reports your distributable...
How does paying on employee a month in arrears affect paying payroll taxes to the state and IRS
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Answered on October 10, 2014
You are required to file and pay your Texas (TWC) and federal payroll tax returns according to schedules based on how much your payroll taxes are....
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I have provided the primary income with 3 dependents until the time of my divorce in August. Can I claim my children on taxes?
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Answered on October 06, 2014
The general rule is that, unless you have signed and filed an agreement with the IRS that provides the other spouse may take the dependent claims...
Archived
Payment of taxes from K1
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Answered on October 02, 2014
Not sure why you would want the company to pay income taxes for its members. Ordinarily, a company would distribute the income reported to its...
Archived
What would be better for tax or company benefits to keep a company as a dba with a non usa resident or change to a s corp ?
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Answered on September 30, 2014
Certainly, an S Corporation is a popular choice because you can save on employment taxes as long as the owner is paid a reasonable salary. And you...
Archived
I file my tax as head of household but married I have been in the US for 4 yrs 5 mnt and I file for citizenship in May 2014 as
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Answered on September 25, 2014
Based on the information you have provided, it appears you filed your return with filing status incorrect. If you are married, you can only file...
Archived
What taxes do I pay as a wholesaler after a bulk sale to retailers? Used the Seller Permit so I did not charge them sale tax.
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Answered on September 16, 2014
If the items you are selling are subject to sales and use tax, and you are selling them to a retailer for the retailer to resell, you are not...
Archived
If I owe money to state for back sales taxes, if I get married will they pursue wife?
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Answered on August 31, 2014
Generally, the state has the same collection rights under Texas law as an ordinary creditor, which includes the right to collect against community...
Employer withheld taxes but did not pay federal taxes. What would be my recourse?
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Answered on August 22, 2014
Your question is ambiguous. If you got credit for the withheld federal income tax on your paystub and on your year end W2, you will still have...