asked
We withdrew $140,000 from our 401k to pay for land and a home. At 20% withholding, how much more will we be responsible for in income tax, given that we file Married Filing Jointly and earn approximately $65,000 from employment?
June 2nd, 2024
What are the tax consequences for an American/French/Uruguayan citizen living in Spain over 6 years receiving an inheritance from a non-relative?
December 29th, 2023
I have a meeting with the IRS tomorrow about past due payroll taxes. They requested my 1120S from 2017, but I filed for an extension because I couldn't get my balance sheet to balance, particularly with the shareholder equity. I'm out of time and can't consult a CPA. What should I do?
October 29th, 2024
I am on SSDI and 64 years old. I was told that when I turn 65 I would go to regular SSI. Is this true?
May 17th, 2023
Do I need to withhold tax from someone providing me with a W-8 if she is from the UK, has a work visa to work in the USA, and is currently living in LA while working for my business?
January 16th, 2024
As an F-1 student who came to the USA in May 2014 and is doing an internship this summer, do I have to pay FICA tax, and if not, when will my FICA tax exemption expire?
April 27th, 2023