asked

What is the best way to save taxes for a Nails salon LLC, and should the owning LLC be converted to an S Corp?

May 27th, 2024

Sign Up to View Answers

Create an account to view answers and interact with the community!

Related Questions

I have a small business LLC filing as a partnership. I have a solo 401k, Roth 401k with Vanguard, along with SEP IRAs, regular IRAs, and Roth IRAs. I file Form 5500-EZ by the end of July each year. This year, I filed on July 23rd, but received a letter from the IRS stating I late filed and didn't file Form SB. They also assessed a penalty. What should I do to resolve this issue?

December 29th, 2023

I recently inherited a property in Israel valued under $100k and am about to sell it. Since this property is inherited and I don't own any other property, I was requested to bring evidence from the IRS that I don't own a home in the U.S to avoid paying unnecessary taxes on this property inheritance. How or where can I get this type of proof from the IRS? Additionally, what form do I need to report on the income from the overseas property sale (Inheritance under $100,000)?

July 20th, 2023

I submitted my LLC application to the IRS and have not received my EIN number. How do I follow up?

September 19th, 2024

Can you tell me my TFN? I am 87 years old and have not linked mygov to the ATO. I need my TFN for the bank account. I am currently located in Perth, WA, have no dependents, and am on a full Centrelink pension. I have not filed with the ATO for years.

March 10th, 2024

Regarding tax returns for the year 2016, is it mandatory to claim T2202 and T4A tax forms? If a T2202 form with errors (name, address) is not used on the tax return, could it create future issues for the student? Can tax returns be corrected after more than 4 years?

March 15th, 2023