Join the 9 million people who found a smarter way to get Expert help

Recent Compliance questions

How can I unblock my withholding compliance for my taxes

How can I unblock my withholding compliance for my taxes that was given to me in Sep 2014 . I have been claiming 0 since then . I filed all my tax returns and we make payments to the IRS . Balance is about 4 thousand left ?

Read more

Robin D.

Vocational, Technical or Trade School

22,348 satisfied customers
Ned some guidance, my question is coming up *Need, I just

Hi Pearl, Ned some guidance, my question is coming up *NeedJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I just moved to the US as a J2 and my wife is a J1 exchange student. I have a small bank account in my home country with most my funds here in the USA. My bank in my home country says I need to declare that I am a US person for tax purposes so that I can be taxed on my savings in my home countryJA: Is there anything else the Accountant should be aware of?Customer: Is that correct?

Read more

Robin D.

Vocational, Technical or Trade School

22,348 satisfied customers
I have just started an LLC my official beginning of my

I have just started an LLC my official beginning of my fiscal year was Oct. 26 2016 and I registered my business through legal zoom which one of the offers they give you is a compliance calendar and I got a notification saying my quarterly tax date is jan. 16 2017 so pretty soon. But I know I am a pass through entity and everything that I have understood says I file my business taxes with my personal taxes. Also all my company has acquired are expenses there has been no sales non employee payments or any of that so not really sure what I am required to file on the 16th or if I am required to since my company had no revenue or sales just expensesJA: You just pay a $5 deposit now and the rest only when you get a reply from the Accountant. All of this is 100% satisfaction guaranteed, so you can get a refund if you're not happy for any reason.Customer: how do I pay the deposit and how much more am I expected to payJA: It's only $5 .Customer: how do I pay thatJA: When we are ready I'll take you to the appropriate web page.Customer: okay im readyJA: Excellent. The Accountant can walk you through setting up an LLC or see if that's the best choice for what you want. Is there anything else the Accountant should be aware of?Customer: I already have set up my business I just need a tax question answered

Read more

emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,920 satisfied customers
I am a CPA in Georgia that assists a local Development

I am a CPA in Georgia that assists a local Development Authority(which is a component unit of the County). They have two employees. One is the Executive Director and he gets his benefits through the Chamber of Commerce because he is paid from both places. The other employee is a Director. Two questions: 1)They want to reimburse the director for one half of his medicare premium each month. They are fine with writing the check directly to the insurance company. Can this be handled as a reimbursement of expense or should this be taxable wages on his W-2? 2) They want to pay his personal life insurance policy for him each month. It is not a group policy. It is an individual policy with $100,000 face value. Can this be a reimbursement of expense or should this be taxable wages on his W-2?

Read more

Mark D

Master's Degree

980 satisfied customers
I have received a 6699(a)(1) penalty, for 2014. I filed an

I have received a 6699(a)(1) penalty, for 2014. I filed an valid extension before 3/15/2015. I thought that I filed an tax return, but I remember wrong.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: The business is S-corporation. And I am the only person in this business. I have been in very difficult time, I did not have chance to do much business. The total net income is less than $1000 for 2014.

Read more

PDtax

Owner

Master's Degree

7,368 satisfied customers
If you file jointly with someone and your not married and

If you file jointly with someone and your not married and claimed there child, are you legally married? more than 1 timeJA: No. I'm the Accountant's Assistant. The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I am asking if the couple is legally married after filing their taxes jointly?JA: Is there anything else important you think the Accountant should know?Customer: just that they have filed 3 years together in a row and this will be their 4th year then they will not be together anymore. will they need to seek professional legal help since they will no longer be together?

Read more

Robin D.

Vocational, Technical or Trade School

22,348 satisfied customers
I just want to know if there are any rules about a foreign

Hi,I just want to know if there are any rules about a foreign person transferring property (or cash) to a US Corporation?I know that there are rules when a US person transfers asset (cash, property, etc.) to a foreign corporation but does it go the other way as well?If no, should I simply record the transfer as capital constitutions or loan?

Read more

rakhi.v

Financial / Legal Advisor

Bachelor's Degree

4,116 satisfied customers
During my normal business practice, I pay for shipping,

Hi,During my normal business practice, I pay for shipping, travel expenses and several filling fees on my client behalf. I record them as "Due from clients" and my clients pay it back to me in full (clear the "due from client" account). I keep an accurate and up-to-date books and can show at any given time how much I paid on my clients behalf, how much the clients reimbursed me and how much was considered as an income from my services. Everything is handled in QuickBooks and my books are reconciled.When it comes to file my taxes, can I NOT report the client reimbursements portion as part of my income? Or. I must report it as an income and claim an expense for the items I paid on my client behalf? Just to clarify, currently, I report only my services as an income and not the reimbursements.The client reimbursement is a big chunk and I just don't want to show a lot of expenses on my schedule C.Could you please help me with that.Thanks!

Read more

ABC Accounting Group

Bachelor's Degree

502 satisfied customers
I am an individual paying an individual for supervising

I am an individual paying an individual for supervising visits between myself and my children. This has been going on for over 3 years (this is not her only job). I was recently made aware that I should have had her fill out a w-9. I handed her the w-9 and she is refusing to return it. I have emailed her & informed her that failing to provide me with a w-9 I would need to withhold taxes and payments until the amount is satisfied (about 450.00 currently at 28% of payments made). She has since still refused to provide the form & will not perform any more services. Am I within my rights to request her to return a w-9 and withhold payments until taxes have been met?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,678 satisfied customers
View more tax questions
In The News