asked
I am a nonresident alien working as a contractor for a company and they are asking for a W9. I have filed my immigration paperwork but have not received my social security number yet. Can I fill out a W8 to supply to the customer that needs to pay me? Also, in the form there is a line for FTIN which I do not have. What do I fill in there?
November 1st, 2023
When do the beneficiaries get paid on the profit of the trust?
January 28th, 2023
I am unable to sign into my account and repeatedly encounter issues with submitting a tax verification code. What should I do, and is there a person with whom I can speak about this?
January 28th, 2023
I am considering filing for Chapter 7 bankruptcy and want to ensure my cash is safe. I have about $10,000 in cash, no other assets, and live in California. How can I determine if my bank balance (cash) would be exempt under California's bankruptcy laws?
November 9th, 2023
My mother-in-law passed away in 2023 in Illinois. She had a traditional IRA for 9 years but did not take any RMDs. We would like to make a catch-up distribution for the missed RMDs, as well as an additional one for the current year RMD while filing multiple 5329s and 1040-Xs for the missed years. I want to understand the implications to the 4 beneficiaries. Does the estate make the RMD or is it the beneficiaries? If the beneficiaries, how is 2023 handled and is there a 10% penalty assessed on them since the distribution was for more than the RMD and they are not 59 1/2, even though the distribution was to make up for past missed RMDs?
June 2nd, 2024
I am an Etsy seller who started my business in September 2022. I did not qualify for a 1099 from Etsy for the 2022 year, and I live in Michigan. My total profit for 2022 was $1600, but this doesn't account for the cost of merchandise. Do I still need to file a tax return?
April 9th, 2024