Should I get a K1 if I am not receiving self-employed income?

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...

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....

I have provided the primary income with 3 dependents until the time of my divorce in August. Can I claim my children on taxes?

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...

Payment of taxes from K1

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...

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 ?

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...

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

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...

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.

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...

If I owe money to state for back sales taxes, if I get married will they pursue wife?

Generally, the state has the same collection rights under Texas law as an ordinary creditor, which includes the right to collect against community...

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...

Some years ago, I recall in the 1990's, the Texas tax law was changed to provide that state tax lien, which used to expire after 10 years, never...