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I am on that website. My question is that Will my filing be

I am on that website. My question is that Will my filing be considered part of streamlined filing compliance? I read on the IRS website that as part of streamlined filing compliance I need to certify that my conduct was not willful.

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Robin D.

Vocational, Technical or Trade School

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Situation: resident. A non-US citizen wants to give me a

Situation: I am US-resident. A non-US citizen wants to give me a cash gift. In order for me to get the cash gift, the non-US-Citizen must first make a transfer to her account located in the US (this is required by the donor's financial institution overseas). then:1. Do I pay taxes on the cash gift, if the amount is greater than US$ 100,000? Do I pay if the amount is lower than 100,000?2. How would the cash gift affect my tax filing for the next year and future years? (if it is less than US$ 100,000 or greater than US$100,000)3. Once the cash gift is my account, and I want to withdraw partially or totally the money (to invest or spend it) do I pay taxes? If yes, how much would be the taxes and does it depend on the size of the amount withdrawn?4. Is there another way, to get the money (cash gift or transfer from the US account) to minimize the amount of taxes? such as society or trust? (for amounts lower and greater than US $100,000)5. Do US banks have to report to the IRS and other countries the size of the transfers? (meaning that I would get a tax report from my bankto file with the IRS or other financial institutions)6. I will apply to become a US-citizen in the future. Do you know the implications of this cash gift for my application as a US-citizen? (This is more of an immigration question, but maybe you had dealt with customers with similar situations)Thank you.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,808 satisfied customers
I cannot change my Federal Tax exemptions. It has been way

I cannot change my Federal Tax exemptions. It has been way more than three years and I would like an increase in my federal exemptions. What do I have to do?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: My federal exemptions have been at zero for a long time. Although my refund is sizable, I believe too much tax is being taken out.JA: Is there anything else the Accountant should be aware of?Customer: I work for the Federal GovernmentJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

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Robin D.

Vocational, Technical or Trade School

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20,648 satisfied customers
I live exclusively on disability income which is non

I live exclusively on disability income which is non taxable, I have continued to file tax returns voluntarily despite not having to do so since I went on disability (this is a private insurance fund)On reviewing my return for last year I noticed that part of this (non taxable) income was not included. All my income was from this non taxable disability income last year.Since I am not required to file a return any way is it necessary to file an amended return for last year ?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

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3,764 satisfied customers
I am a the single owner and employee of an S corp. I have an

I am a the single owner and employee of an S corp. I have an established salary, and my accountant provides the service of paying my FICA/payroll tax on a monthly basis. However, he does not do any Federal income tax withholding for my monthly salary, and says that I can just do quarterly estimated tax payments. Is this correct?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,808 satisfied customers
I am a sub s company that was registered to do business in

I am a sub s company that was registered to do business in California. A final tax return was filed and clearly markedsurrender, however a certificate of surrender was not filed with the secretary of state.No further business was conductedin the state since the final return was filed. Now the state is claiming all past tax returns must be filed with filing feesand penalties due. What cure remedies do I have.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

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8,928 satisfied customers
I have a client who just received a substantial tax

I have a client who just received a substantial tax understatement penalty, I would really like to help her by removing this penalty she is an excellent tax payer and really she didn't no about this penalty. How can I get the irs to at least try to remove this penalty 4189.00 she already pays a lot of taxes .

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,808 satisfied customers
Getting a second opinion on this question, as I have

Getting a second opinion on this question, as I have received conflicting information.I have a federal tax lien, and I am about to set up payment arrangements with the IRS. The tax lien is keeping me from getting additional capital for my business, so in order to run my business, if I do not get the lien released, it will cause me some difficulty obviously. Am I better to set up thepayment arrangements myself first, then file to get the lien released, or request the lien be released while I negotiate the payment terms at the same time. The amount of the lien is $17,000from tax year 2014. I would like the payments to be monthly, set for 72 months to keep the payment low, but I can pay double payments. Thanks for your response

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,808 satisfied customers
I am a distributor in NY. How much sales tax should I

I am a distributor in NY. How much sales tax should I collect if I am selling to other states?

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37,726 satisfied customers
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