If someone is a foreign individual who received money through a partnership in the USA and has an ITIN or SSN, does he need to file Form 1042, and what other forms are required for nonresident partners?
January 5th, 2024
I'm retired, 65 years old, and my gross income is $812.82. Do I need to file an income tax return, and if not, how do I handle owing money to first-time homebuyer assistance?
July 26th, 2023
I set up an LLC and put my land in it, which got zoned commercial after I bought it but before I put it in an LLC. I am waiting to find a buyer so have only had expenses but no income. I know I don't have to pay taxes but am looking for the correct NAICS number to put on the form to say I don't need to pay. I am not leasing it out or doing it for a third party, so I kept not finding a category in the ones I saw on https://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart_code=53&search=2017%20NAICS%20Search. What NAICS number should I use for my LLC owning a piece of land?
November 10th, 2024
I am a self-employed sole proprietor with a growing business. I have an existing IRS installment agreement from 2014-15 with a remaining balance of about $20,000. I paid my taxes in full for 2016 but haven't made any estimated tax payments for 2017, anticipating an owed amount of $65,000. I plan to pay $40,000 by April or June. Can I roll in the remaining $25,000 into a new installment agreement if I keep the total owed under $50,000? Additionally, since I haven't made any estimated tax payments for 2017, is there a chance the IRS will deny adding this amount to my current installment agreement?
March 18th, 2023
Our mother died and we need copies of her past tax returns. What is the process to obtain them, and is there any specific form required for a death in the family?
December 11th, 2024
Where would the energy credit flow on Form 1040?
November 20th, 2024