If a refund is due, there is no penalty. Sorry for the late response, my wife has been in the hoospital critically ill and I have been out of the...

If it is a true loan, it is not income and you do not have to pay tax on it.

Your question seems to imply that you will be receiving income from your amateur porn activities. Assuming that income will be involved, first,...

The key determinant to the question: do you have a business or do you have a hobby is your subjective state of mind. If your primary purpose in...

Settlement over waiting time penalties 1099'd as "other income" ?

The waiting time penalty is a penalty -- not wages. There should be no deduction for FICA or any of the payroll tax deductions. Based on the...

How do I register a religious organization?

You will want Internal Revenue Code Section 501(c)(3) status. You get this by filing out and filing IRS Form 1023 and obtaining IRS approval. ...

Does the IRS tax hobbies differently than self-employment? I cannot find the hobby tax rate/bracket anywhere.

This is an area of law that has just undergone a major change as a result of the Tax Cuts and Jobs Act ("TCJA"). If an activity is a hobby, that...

Do I need to file taxes if boyfriend paid my rent for a year ?

With the facts given, it sounds like your boyfriend made gifts to you in the amount of your rent obligations. Gifts are not income and therefore...

Does an owner of an LLC taxed as a c-corp have to file a personal tax return if they didn't get a salary?

Of course an owner of an LLC taxed as a corporation also has to file an individual return. All US citizens and residents must do so. And also a...

What can i do if my employer did not report my earnings to social security?

Did you get a W-2 from this employer? Did it show that the withholding tax, social security, and other payroll tax deductions had been taken out,...