asked
In an LLC partnership with a 401(k) plan, where the partnership pays $10k as a salary deferral, should the $10k be reflected as a guaranteed payment on line 13 (code R) of the K-1?
March 29th, 2023
I work for Shell in the Gulf on a platform in international waters. I live in Mexico and fly from Louisiana to home via private plane every 2 weeks, coming and going from work (helicopter to platform from LA). I am a U.S. citizen, but my permanent residence is in Mexico. If I work in international waters and live in another country, is my income taxable? I am a U.S. citizen, but my permanent residence is in Mexico.
June 7th, 2024
My husband and I own a building with 4 rental apartments in AZ, managed by a real estate company, while we reside in NJ. We want to start an LLC for this investment. Should we start the LLC in AZ or NJ? Does it make a difference for tax purposes? If we plan to start a small home business in the future, should we use the same LLC or start a different one? Is there a website to apply for and start the LLC?
July 1st, 2023
I will be working overseas for the next 9 months starting in December. What income tax will I have to pay?
December 27th, 2024
My parents are Italian citizens who have lived in the UK for over 40 years but are still domiciled in Italy. They are in their late 80s and 90s and have assets in Italy, including a house, land, and belongings. I live in the US as an Italian citizen with a green card and am the sole heir. What are the tax implications when they die, both in the US and in the UK or Italy?
November 26th, 2023
Can I transfer 100% ownership of my C-Corp to a Canadian citizen who is not a U.S. citizen nor resident, and what tax forms do I need to file for the transfer?
December 2nd, 2024