asked
My father passed away in 2011 and my mother, who was his sole beneficiary, received a 1099-MISC form in 2012 with an amount in Box 3 for a payment by my father's former employer. Does she have to pay self-employment tax on this payment? I understand that such payments to beneficiaries made the year after death are not subject to SS and Medicare taxes, but I'm unsure if that means the employer does not have to pay it, but the receiver of the payment does.
November 18th, 2024
I have a 1065 K-1 tax form which I need to know how to put this on my tax forms. I am a general partner and need to know what forms to use and where this information goes on the forms. The specific lines are: line 14 J STMT $-17,777.00, line 17 F* $22,280, line 18 B $386, and line 19 A $3316.
November 6th, 2024
I am a dual citizen of the USA and Canada. I own all the shares of an incorporated Alberta company. A large US firm wants my company to fill out a W9 form to become a vendor. Do I fill out a W8 or use my personal SSN? No part of my company resides in the USA, and I have never lived in the USA.
August 5th, 2023
I have an LLC that is the holding company of another LLC. The second LLC owns income-generating real estate and passes the income to the holding company, from which I withdraw funds. How do I file my taxes to maintain pass-through benefits (no social security or medicare taxes) as if the real estate was in my name personally?
November 8th, 2023
My accountant said my 2012 e-file tax return was rejected due to a missing W-2G for a $10,000 lottery win in 2011, which was already reported. I am concerned about identity theft and want to know why we should file on paper instead of resolving the issue electronically. What steps can we take to understand and resolve the rejection?
November 6th, 2023
My husband and I were married on June 24, 2013. We are splitting up and have an extensive trust on the house. We have $300,000 invested in the house, and I am on the deed. If we divorce soon, can he take my name off the deed?
February 20th, 2023