Do my wife and i have to share income & exp. on our MFS fed. tax ret. in wa st.? there's a rest. order & I can't get her info

Since you are in a community property state, the answer is probably yes, and note that community property states vary on what is community...

Calculating taxes on dividends from overseas mutual funds?

It is true that a US person is generally considered to be a US resident owning 10% or more of an entity, but I don't find that definition in the...

Company overpaid bonus. Different tax bracket than normal pay

I must ask how you get to 50%, but then I saw you are in the Big Apple. I suspect between Federal, State and City taxes you would be paying 50%,...

Llc

You are a member already, the question is do you want the LLC to be run by members, member-managers or non-member-managers? Usually you don't want...

Does a foreign llc that has a US citizen as a representative in the US have to pay or file taxes to the IRS?

See IRS Publication 901, US Tax Treaties Table 2, to see if your country is covered by a treaty. The word you are looking for is "permanent...

Can I claim my girlfriend or her younger sister as a quality relative?

First way to get the exemptions: you are right that you cannot claim either your girlfriend nor her sister as your "Qualifying Child" which is the...

My husband and I are separated for two years now and I would like to file (inc. tax) separately. Would that be a mistake?

I agree with all the answers, but to illustrate an example, pertinent in your case I think, is that the educational tax credits, going dollar for...

Is the "income executor fee" paid on the gross income, or the income less the expenses?

Depends on the state. I think California has a schedule of fees while Texas does not and has to be determined depending on complexity and...

IRS

I agree with the other answers. Some regulations, either all or just part, have been "circumvented" whatever that means. But, as a trial tactic,...

All the answers are true. See Form 8832, Entity Classification Election. If you did not make an election, timely (75 days), them Sch C, Form 1040...