asked
My wife and I own a S corporation with 50% ownership each, holding one share of stock each. Can we change our ownership to 90% and 10%?
April 21st, 2023
I am being audited by mail and do not have documentation to support my charitable contributions and employee business expenses. Is saying I don't have the documentation enough? I expect to owe and am willing to pay what I owe. Trying to find out the best way to respond when sending the documentation I do have.
October 19th, 2023
Can a student lose his Pell Grant if his mother owes the IRS money?
November 7th, 2023
For a non-profit organization classified as a 501(c)(6), are the funds raised taxable or non-taxable?
August 16th, 2023
I am an employee and shareholder of an Australian management consulting firm, with a US client who pays me on retainer. The majority of my work is performed from Australia, but I occasionally travel to the US to meet with the client. I understand I can claim withholding tax exemption on Form W-8BEN-E by nominating my Employer as the foreign entity corporation. I am unsure if any US travel to meet with my client complicates this. Additionally, I am unsure what to enter on line 15 of Part III and if providing services during a US visit would require another form and what the withholding rate would be.
August 15th, 2024
I have a client who is an artist involved in film production and publishing. She has produced real works of art and made some income, but hasn't made a profit in 3 out of the last 5 years. Is there a way for her to continue claiming Schedule C deductions on her work?
May 13th, 2024