asked
As the treasurer of St. Andrew the Apostle Orthodox Church, I need to understand how to report the pastor's income on Form 1099NEC. The pastor is paid as an independent contractor, and the parish contributes to his 401(k) plan and LTD/Life insurance policy. Additionally, parishioners have donated to reimburse his graduate school tuition. How should these contributions and reimbursements be reported on his 1099NEC?
March 23rd, 2023
I am a married farmer with a spouse who has W-2 income. How should I file our taxes, and do we need to file a 1065 or any other specific forms like Schedule F or Schedule C?
October 6th, 2024
I have a taxpayer and his spouse who are both deceased. The taxpayer passed away on 4/17/2020 and the spouse on 10/13/2020. They received the first stimulus payment but not the second. I am unsure what to enter on the recovery rebate form for the second stimulus. What should I enter?
November 27th, 2024
My daughter passed away last year, and her children still live with me. I provide all their care, including medical, and receive survivors benefits for them. Am I able to claim both children? The father is not involved in their care, but I worry he might try to claim them now that my daughter is deceased.
December 3rd, 2023
How can I change the name of my business with the IRS, and will this require a new Employer Identification Number (EIN)?
June 27th, 2023
I have permanent residency in North Carolina and plan on selling this residence and moving to a house that I own in Pennsylvania. Can I sell the NC house tax-free? I have lived in NC since 2017 and plan on selling in 2024. For tax purposes, I consider PA as my home even though all my registrations are in NC, including vehicle, voting, and driver's license.
May 24th, 2023