I am a nonresident alien working as a contractor for a company and they are asking for a W9. I have filed my immigration paperwork but have not received my social security number yet. Can I fill out a W8 to supply to the customer that needs to pay me? Also, in the form there is a line for FTIN which I do not have. What do I fill in there?

November 1st, 2023

When do the beneficiaries get paid on the profit of the trust?

January 28th, 2023

I am unable to sign into my account and repeatedly encounter issues with submitting a tax verification code. What should I do, and is there a person with whom I can speak about this?

January 28th, 2023

I am considering filing for Chapter 7 bankruptcy and want to ensure my cash is safe. I have about $10,000 in cash, no other assets, and live in California. How can I determine if my bank balance (cash) would be exempt under California's bankruptcy laws?

November 9th, 2023

My mother-in-law passed away in 2023 in Illinois. She had a traditional IRA for 9 years but did not take any RMDs. We would like to make a catch-up distribution for the missed RMDs, as well as an additional one for the current year RMD while filing multiple 5329s and 1040-Xs for the missed years. I want to understand the implications to the 4 beneficiaries. Does the estate make the RMD or is it the beneficiaries? If the beneficiaries, how is 2023 handled and is there a 10% penalty assessed on them since the distribution was for more than the RMD and they are not 59 1/2, even though the distribution was to make up for past missed RMDs?

June 2nd, 2024