asked
My multiple-member LLC has multiple ride-share accounts (Lyft, Uber) for employees used for alternative transportation to work locations. I was told this might be an issue if we get audited. Can this be an issue, as both accounts are under the business and the statements show the business name? Please advise.
December 6th, 2023
What value should be used for S-corporation stock gifted to a related party, considering the business's valuation, offers from outsiders, debt, and the percentage of stock being donated?
July 29th, 2024
I turned 65 in January this year and will start working part-time in September. Can I start drawing Social Security while working part-time and not using Medicare as my primary insurance?
September 11th, 2024
I reserved an electric car that is currently in route from Europe. Since a new bill was signed on August 16, which changes the tax incentive for electric cars, I'm concerned I will not be eligible for the $7500 federal tax incentive. Is it still possible to receive the incentive under the current rules if I take delivery and title the car this year?
February 16th, 2023
What are the tax laws regarding receiving money from abroad as a non-immigrant alien living in the US, specifically for a real estate investment? Is there a limit to how much money I can receive from my family in a year before I get charged a tax on them?
October 5th, 2024
I am to receive $23K from the sale of a property in Puerto Rico, which was sold for $150K. My father is still alive and receives Social Security and Pension payments, so he files tax returns in the U.S. What is the tax reporting requirement for me regarding this $23K, and is there an exclusion amount?
May 31st, 2024