asked
If a taxpayer opens a self-directed IRA to invest in a friend's start-up business, can they still make annual backdoor contributions to their Roth IRA? If so, will the funds in the SD IRA factor into the basis calculation to determine how much of the backdoor Roth contribution is taxable?
April 14th, 2024
Hello, my wife and I have a small LLC that will be taxed as an S-corp in 2021. Our salaries are currently less than $35,000. I am setting up our payroll with Gusto and trying to figure out if I should pick that we are eligible for overtime since our pay is less than $35k each. Does the overtime law apply to us since we are both 50% owners of the LLC?
January 29th, 2024
If I decide to become a self-employed handyman/carpenter and make cash income, what tax forms will I need to fill out, how often should I file, and how do I prove my income for health insurance and mortgage purposes?
October 6th, 2024
What are the tax filing requirements for a corporation in Vancouver, BC, Canada, including corporate income tax and GST/HST, and do I need to apply for a GST number and GST filing for my online Amazon business?
November 19th, 2023
I live in California and registered an LLC in October for my retail business. I am currently applying for an EIN and business license. I haven't started buying stocks or selling anything yet. When should I state my business start date on the business license and EIN application? This date is important for determining what expenses are included in my startup cost.
September 16th, 2024
I am thinking about purchasing a home near Houston, perhaps in Sugarland, TX. What property taxes am I responsible for?
September 25th, 2024