I don't think sales tax applies to massage therapy services in Utah since most services are exempt, but I'd recommend double checking with your CPA.

Foreign estate tax and capital gains tax on sale of foreign inherited property? Which IRS forms to file?

It's not possible to know for sure what, if any, reporting should have been done when you received the inheritance in 2009, but I'd recommend...

45k was removed from moms joint bank acct with daughter by daughter two weeks before her death while she was in hospice

The bank would be able to provide a copy of a check, but they will only release that information to the account owner, which is now your sister,...

I am married, but our home is owned by single member LLC--me. When we sell are we still able to get the $500000 tax exemption?

If the LLC is classified as a disregarded entity for federal tax purposes, you should still qualify for the gain exclusion on the sale based on the...

I agree with what's been said; there may be some benefits to probate and the informal probate process in Utah is relatively easy. You ought to...

I mistakenly loaned money, almost $20K, to an ex-friend, who has defaulted on our verbal agreement. What can I do?

If I were in your situation, with only a verbal agreement, I'd be content to receive the same minimum payment each month. If your relationship is...

Can a company provide a 1099 to me without any employment contract and how do I show that I am not self employed with a 1099.

In general, U.S. citizens are taxed by the U.S. on worldwide income and must report worldwide income. The foreign earned income exclusion applies...

Is my IRS schedule A tax deduction carryover inherited by my heirs if it's not all used up before I die?

Unfortunately, investment interest and charitable deduction carryforwards, like most other carryforwards not on Schedule A, are not inherited by...

Do I need to file a 1040X to change filing status for me and my husbands taxes? Will we get in trouble for this mistake?

If you were married on the last day of 2013, you have to file either jointly or married filing separately, jointly being the lower tax option 99%...

Capital Gains long term

What you've described sounds to me like you sold the entire business after owning the assets less than a year and are simply accepting the second...