I have drawn social security since I was 62. I have worked
I have drawn social security since I was 62. I have worked throughout that time but would like to know if I can get increased benefits now that I am fully retirement age (66). I do not make enough income to qualify to buy a home. I just sold my home so I could downsize and even with a sizeable down payment I cannot qualify for a loan. What can I do now?
I am looking for CPA assistance. I am looking to see what
I am looking for CPA assistance.JA: The Expert will know what to do. Please tell me everything you can so the Expert can help you best.Customer: I am looking to see what the taxes would be for the Giver of a Money gift if they gave myself 150,000.JA: Is there anything else the Expert should be aware of?Customer: This giver is single, a father, lives in NH 67 years old. He will be married in 2017. No other children.
A certain taxpayer received a refund of 10,000.00 for a tax
A certain taxpayer received a refund of 10,000.00 for a tax year beyond the statute of limitation.. As per his calculation, this is erroneous refund. He returned the check. But the IRS sent it again. Then, he returned second time. Then IRS returned second time. He thought that he would not cash the check and kept it at home instead of tearing it. His wife accidentally cashed it. The check belongs to year four years back. Can the IRS demand the check if they come to know their error?
I need to obtain the EIN number for a person who is
I need to obtain the EIN number for a person who is deceased. The Estate exists but I cannot locate the EIN.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I need the EIN number for the Estate of Richard Tee who died on July 21, 1993.JA: Is there anything else the Accountant should be aware of?Customer: No, I only need that number.
JD, MBA, CFP, CRPS
I have some question about forming a LLC, I have some stock
helloJA: Hello. How can we help?Customer: I have some question about forming a LLCJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I have some stock investment. In the future, I would like to form a LLC to protect the investment and at the same time to deduct some of the cost and expense for the investment. but I know that there is a rule for personal holding company taxJA: Is there anything else important you think the Accountant should know?Customer: I wonder if I setup a LLC but elect as through tax not S-corporate. but it help to avoid that PHC tax?
I am a US citizen who lived in Japan for 15 years through
I am a US citizen who lived in Japan for 15 years through August 2014. I moved with the same company back to the United States in August 2014. My retirement plan that I accumulated during my time in Japan was consolidated into an account managed and housed by Fidelity in the UK. I have not been making contributions since that time, neither has my company - the amount simply rises and falls in step with my portfolio. I am nowthinking of taking some of the money out of that retirement account (again, it is overseas in the UK) and bringing it to the US to put towards a down payment on a house. I was wondering how much that money would be taxed in that instance.