If I perform work under my Florida LLC in NJ, am I considered a managing member and employee of the LLC? If I perform work in NJ, am I considered a NJ worker? If I hire a contractor to do the NJ work, is that contractor considered a worker of the LLC or an independent contractor and only an expense to the LLC?

July 2nd, 2024

Last year, I received employer disability payments totaling $27,657 (pre-tax). However, after completing my tax return, I am showing that I owe nearly $3,000 in federal taxes. How do I enter my disability payments on my tax return?

March 5th, 2024

My 95-year-old mother has not had to file taxes because of low income. She paid 10% of $44,000 from an annuity payment she received in 2011. Can she file to get the $4,400 payment back, and if so, how?

October 29th, 2024

Our organization, established in the 1980s as a 501(c)(3) and classified by the IRS as a 509(a)(1) public charity, has had no activity from 2005 through 2011 but is reorganizing in 2012 with plans for fundraising. We have been filing 990-EZ forms since 2007 to maintain our tax-exempt status, though we are behind on filings. We plan to catch up on all filings to avoid losing our tax-exempt status. On Form 990-EZ, Schedule A, Page 3, Part III, Section D, Lines 19a, 19b & 20, which box should we check (19a, 19b, or 20) to keep our 509(a)(1) status as a public charity, given that we have had no revenues for the year?

January 19th, 2024

Is a personal residence that was placed in a revocable trust, which becomes irrevocable upon the death of the grantor, allowed the $250,000 (single person) exemption due to the sale of the personal residence on Form 1041?

December 26th, 2023