asked
I have an MD S-corp that had activity in MD, PA, VA, DC, and NC. Each year, I apportion using the three-factor formula. On March 31, 2011, all assets of the firm were sold. Does the gain from the asset sale have to be apportioned? If yes, does the Sales factor include the Asset sales price as well? The company's office is in MD, and all assets are in MD.
March 5th, 2024
Need to verify identity. Did you receive a letter from the IRS? Is the name and address on the letter correct? If so, did you receive a Letter 5071C or 6331C?
July 9th, 2024
What is the initial date for withholding Social Security tax from Foreign Earned Income in 2008, and does this apply to wages earned by overseas workers of US-based companies operating overseas?
July 25th, 2023
I filed my taxes using TurboTax and expected to receive a refund of $2,498.00, but only received $743.00. I haven't been able to get any information from TurboTax about what was changed and have been unable to reach them by phone. Can you help?
January 3rd, 2023
How much tax-free donation can I give a child, and how do I show this on my tax report? Do the recipients have to file that they received the donation? What IRS form is relevant for this subject?
December 23rd, 2024
I am going on maternity leave and was asked to fill out a W-4 form, but I'm confused about how to do it accurately. I already receive child tax credit for my third child, and I don't mind when I receive the money, I just want to ensure that not filling out this W-4 form with Aetna won't put me in tax trouble. Additionally, I won't be receiving my full pay during my leave, just a percentage. What should I do?
May 30th, 2024