asked
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
December 20th, 2023
Is there a foreign income exclusion for New York State or the District of Columbia for a person who qualifies for a federal foreign income exclusion?
November 14th, 2024
A tax attorney advised me to close my existing corporation and start a new LLC to settle my 5 years back 941 taxes. He said I could start fresh with the new LLC and then settle on the back taxes. Please advise.
April 18th, 2024
Can I change from having the estate pay the tax in the previous year to the beneficiaries paying the tax this year, given that last year there was no tax due and no K-1s were issued, and this is the second and final return for the estate?
March 20th, 2024
Is long-term care insurance an exemption under the tax code?
August 20th, 2024