I have created an LLC(2members) one is resident alien and another is Canadian Citizen our business will approx generate 100k?
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Answered on July 18, 2021
Shareholders of S Corp must be US citizens or resident aliens. You should consult with a professional about the best choice for taxable entity.
Can I do 1099 job and a w2 job simultaneously?
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Answered on July 15, 2021
Yes - your W2 income will be reported on line 7 of page 1 of Form 1040, and your 1099-NEC income will be reported on Schedule C.
Can you help with property tax concerns ?
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Answered on July 14, 2021
Payment of the taxes does not give her title to the property. It does give her a right of reimbursement from other co-owners. She will need a...
Received IRS refund for 2019 and Amended 2019 and owe restitution
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Answered on July 14, 2021
The refund may have been your stimulus payment. The IRS is not allowed to offset the stimulus payment against taxes owed.
Can I get the title of my mother's house in my name?
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Answered on July 13, 2021
If the property taxes aren't paid, the tax authorities will eventually sell the property at tax foreclosure and give 1/3 the proceeds to each of...
My sister would like to transfer ownership of her home to me but she owes back taxes on it, is that something that can be done?
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Answered on July 12, 2021
The general rule is "taxes run with the land". If, as you describe it, she deeds the property to you, then you take it subject to the taxes owed....
I live in Texas, and have a corporation incorporated in New York, what taxes should I pay?
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Answered on July 10, 2021
Depending on your business activities you may have nexus for corporate income taxes in New York or Texas. Likewise for sales tax. You should...
How to remove your significant other from tax forms?
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Answered on July 07, 2021
Your simple question leaves out possible important facts. Generally, you would need her to sign a post marital agreement for separate property and...
Can I sue my company for not sending in my w2 to the irs ?
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Answered on July 07, 2021
In Texas, you can sue anyone for any reason. But what are your damages? Appears they may be none, or very low. You should file your return with...
What should I do when IRS has not processed my tax return yet or lost my tax return letter?
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Answered on July 07, 2021
Without knowing the date of the entry shown, it is not possible to state the significance. It appears your paper filed return has not been...