How can I handle difficult cases of retrieving W-8BEN / W-8BEN-E forms from vendors who do not respond or are unwilling to provide them?

January 23rd, 2023

I am a Canadian with a W8BEN form and need help with sections 6a and 6b. I had a bank account in the US for a short time, which is now closed. Additionally, my sister died, and I received some life insurance. What should I put in section 6a if I do not have an FTIN?

June 22nd, 2023

I'm a nonresident (F1 with work authorization) who has been filing 1040NR for the past 5 years. Another tax professional advised that I should now file 1040 instead of 1040NR. Is this correct, and if I form a foreign-owned single-member US LLC, where do I report the formation costs on which tax form?

August 4th, 2023

I am undergoing a California EDD audit for my S-Corp, where the auditor is considering all withdrawals from my business account as wages and charging penalties. I have an S-Corp with just me as a director and sole employee/corporate officer. The audit period is from Q4-2019 to Q3-2022. I had income in 2019, no income in 2020, and income in 2021 and Q1 2022. My bylaws state that distributions are at the director's discretion. How can I reduce the penalties, and what should I do to address the auditor's concerns about distinguishing between wages and distributions?

May 10th, 2023

I own a property flipping company with multiple properties. Should I expense all of the transactions incurred for all properties during the year, even if I haven't sold the property yet? Can I still claim the expenses for repairs and other overhead expenses such as an office assistant and utilities?

January 26th, 2024