My business partner instructed the accountant (outside firm) to make changes in the accounting and not provide me with information I ask to understand. I want to make a list of important items to ask her so that I can understand but I don't know what should be on the list.
February 23rd, 2023
I entered the wrong account number for direct deposit on my taxes after filing. How do I correct this and contact the IRS about this specific problem?
May 12th, 2023
If a foreign company treated as a partnership for U.S. tax purposes (with an EIN) is owned by a 100% trust, and the owners of the trust are two NRA individuals, will the K-1 be passed directly to the NRA partners?
March 12th, 2023
Can a self-employed individual amend their 2017 tax return to gain social security credits and pay taxes, and would this action trigger an audit?
August 25th, 2024
I filed my tax return using TurboTax online back in April, but the IRS says they have no record of it. I received a message that the efile couldn't go through because I owe taxes, and now I'm concerned about penalties and getting my refund. Could you check and see what's the problem and if I did everything right?
February 17th, 2024
I want to convert my Sole Proprietor to LLC using the same EIN. What are the advantages and disadvantages of this conversion, considering I prefer to keep using the same EIN and DBA, and the business function remains the same?
January 28th, 2024
I have a small business and I started doing my own payroll from March to September 2010. I then hired a company to handle payroll from September 2010 onwards. They issued W-2 forms for the employees starting from September. I need to know if my employees from March to September 2010 need a W-2 or a 1099 form if no taxes were withheld, what form I should use to report those wages, and if I should include these payroll expenses in my S Corp's Form 1120S. Additionally, I need to know the deadlines for these filings.
May 22nd, 2024
How should I determine if it's better for me to take a dividend vs paying myself via payroll when my business is taxed as a C-corp, given that I won't make more than $39,000 in the year and I don't care about social security or retirement plans?
November 2nd, 2023
My brother bought a second house 9 months ago for his primary residence. His first house was put on the market for sale but didn't get sold, and now he's in payment default and likely will go into foreclosure. What are the ramifications? Will it affect his second house? What are the tax implications? This is in the Bay Area, CA.
November 12th, 2023
I did not receive my $600 stimulus check. How do I inform the IRS of my correct banking information, and how can I ensure they have the correct information for the $1400 stimulus check?
November 17th, 2024