Stephanie W. asked
I have a small consulting business bringing in about $30k per year and a rental property. Should I create an LLC to run this income through? I am wondering what is the best tax advantage for my family. My husband has a ‘normal’ full time job and I am a full time student.
April 14th, 2024
Michael O. answered
Creating an LLC will not directly address tax advantages but will provide a corporate liability shie...
April 14th, 2024
Create an account to view answers and interact with the community!
I am receiving US Social Security benefits under Survivor Benefits through my ex-husband. I received a letter stating that my benefits will be cut off for a year due to an overpayment of $27,000 to my ex-husband during our divorce years (2014-2016). I have no knowledge of this overpayment. What should I do to appeal this decision, and do I have a strong case?
August 16th, 2023
We were on an auto draft with the IRS for taxes owed this year. We paid off the taxes on Sept 16th or 19th, but they took out the $200 auto draft on Sept 26. How do we get this money refunded?
May 10th, 2023
I’m on social security and live in the USA. How do I check to see if I received all my stimulus payments and what should I do if any are missing?
January 29th, 2023
I failed my 2021 tax return and have not received my federal tax refund. My bank account was closed before I could receive it, and my current address is a PO box. What should I do to track and receive my federal tax refund?
May 28th, 2024
When you pay for health insurance for your employees, do you need to add it to their payroll and deduct FICA tax? Additionally, if it is for a 2% more shareholder, how should it be reported on the W-2, and what code should be used for such medical insurance payments to ensure it is not included in Boxes 3 and 5, and how to report it so that it will not be considered for unemployment insurance?
February 25th, 2024
