My husband works for a company in NY, and we live in RI. We are filing a joint tax return for 2019. Do I apply the NY state tax withheld on the NY or RI tax return form?
January 5th, 2024
I deducted this year's Section 179 (Form 4562) from my books with a Journal Entry (Debit Depreciation Expense and Credit Accumulated Depreciation). Do I record it on M-2 Line 5 on my 1120S tax return?
April 13th, 2023
Identify which of the following statements is true:\ \ a. If money distributions exceed the partner's basis in the partnership interest, the partner would have to recognize gain on the distribution from the partnership. Such gain is usually an ordinary gain.\ \ b. When partners receive cash distributions from the partnership, they generally pay no taxes on those distributions.\ \ c. Distribution of partnership income in the form of cash to partners is generally taxable to the partners and the partnership.\ \ d. All of the above are true.
September 24th, 2023
I am a UK resident and I wish to purchase US stocks. Do I pay tax on any income from these stocks in the UK or US? I understand that I have to complete a W8BEN, where do I find the relevant tax treaty?
January 26th, 2023
My company is hiring entertainers from Dubai and needs to process two wire transfers totaling $130,000. We are located in Texas. What are my legal responsibilities regarding these transfers, and how can I ensure we are in compliance with the government?
June 4th, 2023
How can I get the CUSIP number for my social security number?
May 29th, 2024