Linda P. asked
What is the most tax-efficient way to open an investment LLC for a business that takes money from clients to invest in the stock market and distributes returns back to the clients, considering different structures such as limited partnerships, corporate taxation, and issuing bonds or loans?
May 15th, 2023
Sherry C. answered
The most tax-efficient structure for an investment LLC depends on the number of investors and the na...
May 15th, 2023
Create an account to view answers and interact with the community!
My family in Vietnam wants to send me money as a gift/support. How much can I receive without needing to pay taxes, and do I need to report it on any form?
November 23rd, 2024
I normally file taxes for my husband and I, and this year we filed 'married filing separately' to get more tax returns due to being in a higher tax bracket if we filed together. I filed my taxes separately and filed the kids under him to get more back. I owed taxes this year, so I used his tax refund to pay off my tax debt, and then we paid bills with the remainder. We separated months after filing our taxes. I am trying to be cordial with him and asking him to help with expenses for his children, but he is using the taxes as a weapon against me and refusing to help. I am trying to do what's right and find out if I will be held responsible for paying him back since we were married at the time of filing taxes.
December 30th, 2023
I work for Onlyfans and have made almost $700,000, but I pay an account manager 40% of my earnings. Onlyfans doesn't take taxes out. I've only made $420,000 after paying the account manager. What will I be taxed for, and what is the total percentage of my gross income I'll have to pay in taxes?
April 4th, 2024
What is the status of my property tax refund in Minnesota, and how can I check it?
January 19th, 2024
I have two independent contractors living in the Philippines, and I live in the US with my business also located in the US. What tax forms should I have them fill out? Is W8BEN correct for this?
June 12th, 2024