asked
Does a foreign partner in an LLC, who is a nonresident alien and earns income sourced from outside the United States, need a US ITIN and need to file a ZERO US tax return?
February 26th, 2023
I am looking for a list of all tax practitioners with PTIN from the IRS site to send them marketing material about my tax resolution services. Is there a specific link on the IRS website that provides such a list?
October 6th, 2023
I am a resident of Florida but own a New York law firm (S corp) and a Florida LLC. I started taking money out from my New York law firm, and I want to know how to structure this income to maximize tax benefits. Should I take part of it as payroll and the rest as a distribution to my Florida LLC?
September 7th, 2024
How do I correctly enter a merchant cash advance in QuickBooks Online, including handling the upfront fees, payback costs, and the subsequent conversion of these into principal? For example, a $150,000 advance with $9,900 in upfront fees results in a deposit of $140,100, but the total payback is $187,668.90, with $37,668.90 as the interest charge.
April 13th, 2023
I want to open a sole proprietor business with a tax ID number to transfer compensation from an employer and use the entire compensation to pay off debts with credit card companies and bank loans. After the debts are paid in full, I plan to close the business. Is this a good, fast, and practical idea?
December 8th, 2024
What type of organization should we be as a family association to get a bank account for family reunion moneys, and can we use the designation of an ad hoc group or a social group for tax purposes?
October 5th, 2023