As a Dominican Republic citizen with no US citizenship or residency, I am about to be awarded a contract by a US company for translation services provided from abroad. They have requested an ITIN number, but I also have a US company with an EIN. Can I use this company to fill in the W-8 form, or is there another form I should use? Will I be withheld 30% of my income as US taxes, and can I file for reimbursement with the IRS?

November 6th, 2023

I need assistance with drafting a stock purchase agreement for my LLC, which is taxed as an S-Corp, located in New York. I have an informal offer from a buyer to purchase my LLC, and I am unclear whether I have 'stocks' to sell and how many. Additionally, the business has an outstanding EIDL loan backed by the SBA, and I am in conversation with the SBA about transferring that loan. What steps should I take to proceed with this sale?

May 31st, 2024

I haven't received my refund and misplaced the copies of the amount. Can you help me verify the status of my refund and obtain copies of my tax return transcripts?

June 3rd, 2024

If an individual has a primary residence in NYS but chooses to live elsewhere, is this permissible, and how should they classify the other location as a secondary home or office if they do some work at home?

March 12th, 2023

Renee placed a car into service this year for her ride-hailing work and elected to use the standard mileage rate (SMR) rather than the actual expenses method. Which of the following is TRUE: The car is not included in the lists of assets placed in service this year when determining whether the mid-quarter convention is required, Renee's SMR deduction may not exceed the passenger auto limit, Renee may not switch to the actual expense method in later years, or Renee may claim the special depreciation allowance in addition to the standard mileage rate?

October 11th, 2024