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

For an Arizona business filing 1099 NEC, is state filing required, and if there is an option for both state and federal filing, should both be chosen?

December 21st, 2023

I am a self-employed hair stylist in Lake Charles, Louisiana, aged 24 with two daughters. My income for the year was $30,880. I am unsure whether to claim my daughters as dependents or if my fiancé should. Additionally, I need guidance on how to handle quarterly tax payments since my income can be unpredictable.

January 29th, 2023

I received a large deposit from Treasury after SS Disability was approved in April 2023, but a private insurance company took 95% of it as a refund of overcompensation. I have a W2 from the insurance company, but no acknowledgement of taking $85,500 from the award, and they're an item J box 12 entry, non-taxable. Do I need to file 2022 taxes first, and if so, can I apply the 2022 portion to 2022 and the rest to lump sum in 2023?

August 14th, 2024

Do I need to fill out the W-8BEN form when opening an account in a USA brokerage company, and how can I obtain the Foreign Tax Identification Number (FTIN) for completing related forms as a Canadian inheritance beneficiary of investments in that USA brokerage company?

October 1st, 2024