asked
I have multiple business entities across BVI, Hong Kong, and Singapore. I need to confirm the correct FATCA/CRS classifications when filling out W8 forms for US tax purposes. The entities include a holding company, an active BVI investment entity, a dormant entity, and two manager entities in Hong Kong and Singapore.
March 8th, 2024
I finished my tax return using Turbo Tax, but it says the IRS hasn’t finalized one of my forms. I’m supposed to be getting a refund on a carryover from my solar panels/electric savings rebate. How can I identify which specific form is causing the issue and what should I do next?
August 5th, 2024
I won $100,000.00 in a lottery scratch-off and they withheld 30% ($30,000.00). I also played at the casino and received many W2s from the casino, with the casino's statement showing $69,000.00 in losses. How should I declare these gambling wins and losses to the IRS?
September 28th, 2023
I filed my taxes on 1-29 using TurboTax, but the system wouldn't let me transmit my return because it said I had no numbers in my W-2 in certain boxes, even though I had an SSA-1099 and no W-2. I don't have a printer to print and send my return, and I can't seem to get back into my return. I paid the full amount to have my taxes done and downloaded, but now I have nothing. I live on a fixed income and want my money back. What should I do?
January 17th, 2023
If I paid a lawyer $850 to review a franchise agreement when purchasing a franchise, which 1099 does my LLC need to issue to the lawyer? Do I need to issue a 1099 to the franchisor for the franchise fee and monthly franchise fees/royalties?
January 14th, 2024
If I were to open an online business under someone else's SSN with their permission and then later switch it to an LLC under my personal information so I am the owner of the business and pay all the taxes, are there any consequences to that?
October 4th, 2023