asked
My wife passed last November and listed me as a beneficiary to her flexible retirement annuity. I plan to enter a retirement center within a few years and will need cash in addition to my income later on as I need care. How should I accept the proceeds of this annuity? Transfer the policy to my name or take a lump sum to add to my savings?
July 8th, 2023
My wife filed our taxes a month ago without informing me, and I haven't received any refunds for the past three years. How can I find out if she has been receiving the refunds?
October 28th, 2024
As a sole member of an LLC hired as the Manager of a service business, would I be able to deduct all expenses including mileage, equipment cost, supplies, etc., on my LLC tax business return?
November 27th, 2023
I am in the process of getting my green card and have a work permit. I recently opened my first bank account in the US and have an LLC here. I am being asked to submit a tax form by an affiliate company, but I'm unsure which one to use. The options are W-8BEN for non-US individuals, W-8BEN-E for non-US corporations, and W9 for US individuals/entities. I am currently living in the US and have a US address, but I am not a US resident yet. Which form should I fill out, and will filling out the W-8BEN with my US address affect my status or require me to declare income in Mexico?
August 17th, 2023
I am moving to Arkansas at the beginning of the new year. Job offer is $217,500 W2 or $245,000 1099. Wanting advice if the 1099 option is worth doing? Married filing together. Will be on spouse's healthcare plan.
September 4th, 2024
What would be the consequences for tax reporting if I update my LLC in Alabama to a Series LLC with 3 cells? Specifically, would I have to fill different state business privilege and tax returns for each cell, mention the cells in the 1120 form, handle NR40 and NR1040 differently, need separate EINs for each cell, and will there be any other consequences on filling my tax report?
December 9th, 2023