asked
My husband and I have a business that we recently made into an LLC with just he and I as the members. He has been getting paid through a payroll service as an employee. Is this the only way of paying himself? I've heard of owner's draw, etc., that allow you to forego some of the taxes/fees but we don't know enough about that. What's the best way for an LLC owner to be paid and taxed appropriately? Is using the payroll service still the best way? Can he decline paying disability, etc.?
February 2nd, 2023
I pay my ex-wife $6012 a year out of my Navy retirement. DFAS, who pays me my Navy retirement, won't pay her directly because we were married for less than 10 years, so I pay her via an allotment from my Navy retirement pay. This means I am paying all the taxes on that money. What tax form do I need to fill out to report this to the IRS so I can deduct the $6012 and have my ex-wife pay the taxes on the money?
April 11th, 2024
I am looking for a cost-efficient donor database that charges low fees for ACH donations and has the capability to print donor statements at year-end.
April 26th, 2024
I just took my business out of the LLC. How do I get a new EIN number for the change of bank account?
December 16th, 2024
I need to make a payment for my 2021 tax. I am located in Yatesville, GA, 76 years old, and file as a single head of household. I owe $455.62 for 2021 and want to pay it.
August 15th, 2023
When will I start receiving my SS Retirement Check? I am currently receiving RSDI and don't remember when I received the first one.
September 18th, 2024