I have an employee who mistakenly thought she had a SEP-IRA open at a financial institution. She had previously rolled over her SEP-IRA to a traditional IRA. I deposited SEP-IRA funds into her checking account at that institution as required by law, but the institution is not allowing her to put those funds into a new SEP-IRA, stating that it must be opened by the employer. My SEP-IRA is housed at a different financial institution, and there is a question whether I can qualify to have accounts at the credit union where my employee has her accounts. We are running out of time to resolve this, and I filed my taxes by mail yesterday. Any help would be appreciated.

May 19th, 2024

I am a UK-based software consultant developing a software solution for an American client from my office in the UK. I will be paid for time and materials via my UK company. Is there anything I need to be aware of, such as any taxes due, especially if I visit the USA for a short period to install the product and train staff?

February 29th, 2024

Are we required to pay sales tax if we were hired on a job just as consultants?

May 13th, 2023

How long after a Washington state warrant is issued does the state have to collect, and how often do they have to renew the lien?

July 23rd, 2023

What kind of purchases may a photo retouching (photo editing services via web) studio use for depreciation? What equipment can be depreciated, and how many items can be purchased annually without issues with the IRS? Additionally, if we decide to make purchases from our official bank account debit card in Sweden or Russia, how does this affect depreciation?

November 9th, 2024