asked
I have a solo investment advisory practice operating under an LLC and am considering shifting to an S-Corp. My questions are: 1) Am I required to file quarterly taxes under an S-Corp? 2) Are the quarterly S-Corp estimated taxes based on business taxes (income less expenses) or do I add all other income plus business income for the quarterly estimate?
December 5th, 2023
I inherited an IRA from my father who passed away in 2012. I have been taking Required Minimum Distributions (RMDs) every year since then. Due to the SECURE Act of 2019, most beneficiaries must empty the account within 10 years of the account owner’s death. However, since I inherited the IRA prior to 2019, I want to know if I am grandfathered in to the stretch rule, which would allow me to continue taking RMDs over my lifetime instead of having to zero out the account within 10 years.
February 3rd, 2023
I need to get a replacement Social Security Card (SSC) for my 15-year-old daughter. What are the steps to apply for a replacement SSC, and what documentation is required?
October 16th, 2024
I have a VAT debt to pay to AT, which I received a notice for recently. The ownership and management of the company have changed since then. Who will be responsible for this debt?
October 14th, 2023
I received a 1099 NEC for a donation in 2023, but I do not have a business. How do I report this as other income?
September 23rd, 2024
I am trying to file an amended return with a 1099, and the refund went from $6900 to $4200, with them also asking me to pay the IRS $2400 on $5411 only of non-employee compensation. It seems like I am getting taxed twice. I don't own a business, don't have anything but mileage to deduct for this income. Is this correct?
November 23rd, 2023