Question about LLC annual tax

Because your LLC was established in 2015, there is a minimum Franchise fee of $ 800 for 2015. And you will owe another minimum fee of 2016 by...

Do you get money if your house was sold due to unpaid taxes that is less than what the home is worth?

Yes, they would pay the excess to the interest owner. The information presented herein is for general purposes only. It is not intended to, and may...

Form W7 for Tax

I would read the W-7 instruction carefully. I did it many years ago. Despite asking for the originals, they accepted copies. File MFJ, along with...

Late on Property tax

Sorry, bad times happen. Contact the County and request a payment plan. The information presented herein is for general purposes only. It is not...

Taxes

Generally, nobody likes to pay taxes. However, it is a legal duty to file and pay taxes. Non-complaints may be prosecuted. The information...

It seems a reasonable and ordinary thing to do to protect his or her interest. The information presented herein is for general purposes only. It is...

Is the monthly payment (from the Pension Defined Benefit) considered taxable income at ordinary income rates?

That is his before tax money and considered ordinary income. The information presented herein is for general purposes only. It is not intended to,...

What are the rules for a taxpayer making a good-faith estimate on capital gains?

I know in some countries there are expert appraisers who go back in time and do appraisals. I will try a local appraiser first. Then use your best...

When does the 3 year statue of limitations begin on tax refunds?

Generally, it is three years from the original due date. The information presented herein is for general purposes only. It is not intended to, and...

What are the requirements for foreign tax exclusion in the US?

Foreign Earned Income Exclusion applies to taxpayers who have “foreign earned income”. The information presented herein is for general purposes...