I have full legal and physical custody of my son, and his father is asking for my son's SSN so he can use it to file his taxes. I have already claimed my son on my tax filing for 2011 as his father is not caught up on his child support. Is there a valid reason he would need my son's SSN for his taxes, and if he does claim my son on his taxes, would I have any problems with the IRS as I have claimed him already?
November 19th, 2023
I forgot to include a W2 for 2018 on my 1040, and I'm now amending it. I originally filed through you. How should I proceed with the amendment?
July 21st, 2023
I'm filling out the deductions portion of the 1120-S return for 2018. All per diem payments to employees showed up under reimbursements on the profit and loss statement. What should I place these under?
May 6th, 2024
If I withdraw funds from my IRA, is it still true that if I pay the IRA back within 60 calendar days, the withdrawal is not taxable?
December 23rd, 2023
I asked my employer to exempt my federal and state taxes on my paycheck, but I am not qualified for exemption. How should I pay back the exempted part?
July 31st, 2023
I recently applied for a loan through my business for healthcare equipment, but the bank's underwriter is stating that the TN Secretary of State is not showing the business as 'Active'. The current status is 'Inactive - Dissolved (Administrative)' because the TN Secretary of State requires a 'Reinstate the Business Process'. This process involves paying all taxes, penalties, and interest to the Dept of Revenue, obtaining a 'letter of clearance' from the Dept of Revenue, and paying a filing fee of $300 per year for every year, plus additional fees for backdated years and a reinstatement fee. The bank is basing the loan on the business's income, and I'm considering closing the loan as a sole proprietor if the business does not show active. Are there TN state laws and statutes that require a bank to observe an 'Active' status for an LLC or any other business before closing on a loan? Is the Secretary of State's requirement for reinstatement unethical or enforceable? Are there any workarounds to get the loan closed? What is the nature of the $300 annual filing fee with the TN Secretary of State, and does the Sec. of State have the right to demand payment of any back filing fees even if all the taxes were paid and returns filed with the TN Dept of Revenue?
March 25th, 2023