asked
Why would an LLC elect to be taxed as a corporation, and if the owners of 13 corporations change their business formation to LLCs, would they still need to file 13 separate tax returns or would each owner just file one tax return with the profits of all the LLCs? The goal is to protect responsible members from the tax actions of irresponsible members.
March 28th, 2024
I’m making tax payments every month that are taken out of my account. I need paperwork stating how much has been paid and the balance to send to a mortgage company. How can I find that?
May 12th, 2024
If I live and work in California, but work for a company based in New York and pay New York State taxes, can I collect unemployment in California if I was recently terminated?
September 3rd, 2023
We are considering asking high school students to record video sporting events for our company, but they would not be employees. If we pay them cash, we assume we would have to send them a 1099 form for amounts over $600. However, if we give them prizes or gifts instead of cash, do these also need to be reported and taxed?
August 8th, 2023
Why does California's tax return include a line for deducting state income or sales tax if California does not allow such deductions, and how should taxpayers handle this line on their CA return?
September 10th, 2023
I want to add my girlfriend to my home's title so she can make the property tax payment and claim the federal deduction, which will be more beneficial to her. I own the home outright. Can we do this by granting a minimal share of the home to avoid a large transfer tax, and do I need to file a quitclaim deed to put her on the title?
August 17th, 2023