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Recent Direct Tax questions

Robin, My primary residence is in NYS. I am physically in

Robin,My primary residence is in NYS. I am physically in the state less than half the year. I work offshore on the outer continental shelf on a foreign flagged drillship. My company is based in Houston, TX. I physically earn no money in NYS or any other state. Am I required to pay NYS income tax?

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Robin D.

Vocational, Technical or Trade School

20,950 satisfied customers
I signed an agreement with Direct Tax Relief. They advertise

I signed an agreement with Direct Tax Relief. They advertise a "flat fee" service on their website. I was told that they would resolve my case in less than 1 year. It has been 27 months and my tax issue has not been resolved and now they claim that I owe them $8500 because the agreement was for 12 months. I should've read the fine print. I know they are not obligated to complete the work but can they send me to collections for the $8500 that they claim I owe?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,276 satisfied customers
I have a business and am having some work done on a

I have a business and am having some work done on a website. It's going to be about $10,000 work. I have the money to pay but wondering, if for tax reasons I'm better off taking a loan. I could then pay this off over the next 4 months? Would the interest outweigh the tax benefits? I guess I'm also wanting to show as much profit as possible, so would this help?It's an LLC.Rather than SPENDING 10k now, push some of it over into 2016. Look forward to some help on this and advice. Thanks in advance!!

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Lev

Retired

Bachelor's Degree Equivalent

24,192 satisfied customers
Florida General Contractor, Florida resident and part time

Florida General Contractor, Florida resident and part time NYC resident. I have been doing construction consulting and real estate consulting for high end client. The billing accumulated is $4.5million dollars. I will be getting a wire transfer in the coming week for my work over the past 4 years plus. My construction company is active but has no current projects. My questions relate to taxes and how should I best go about receiving wire funds. Question: Which is the best direction to be paid for this consulting work, through my construction company and have wire transfer sent to my company bank account? Or sent to my personal account since it was consulting work? What is the best direction tax wise as a Florida resident with regards ***** ***** taxation? Should I reinvest percentage of those funds back into real estate or projects through my construction business will that be a tax incentive before the end of this year?

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Megan C

Master's Degree

29,956 satisfied customers
I am a legal us resident non citizen and will be receiving

I am a legal us resident non citizen and will be receiving a inheritance from Canada no properties involved strictly cash only what will be the tax if any Canada does not have an inheritance tax imposed on citizens or non residents

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,276 satisfied customers
A single mother with 3 minor children works as a waitress for

A single mother with 3 minor children works as a waitress for minimum wage plus tips but employer pays her in cash and doesn't withold anything from her pay tells her she will have to quit her job if he has to pay witholding taxes from her meager pay. What should she do? Thankyou!!

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,276 satisfied customers
Hello here is my probem/question: did our 2012 tax 1040;However

Hello here is my probem/question:did our 2012 tax 1040;However mywife was to present to sign I was supposed to get her authorization via some tax form & return it to direct tax ; I forgot subsequently our taxes didnt get filed as it should have .How can I resove this issue.Direct tax is willing to help but they are dragging their feel I need to be proactiveusing the copies I already sent checks in full to irs & state which they acknowledge getting but since IRS does not have our 2012 1040 the funds will be credited oncethe 1040 issue is received Can I download the forms and fax them to direct tax ti get my 1040 to IRS if yes what forms am i lookin for ect.ThanksI just found out;its'july

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PDtax

Owner

Master's Degree

6,868 satisfied customers
I have a small "S" corp ($250,000 yr), that I rent a building

I have a small "S" corp ($250,000 yr), that I rent a building (that I own)to. I have since purchased a small "C" corp ($850,000), that now resides in the same building. Can the "S" corp charge rent, or sublet to the "C" corp?

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Megan C

Master's Degree

29,956 satisfied customers
I have lived in England since I was five but was born in the

I have lived in England since I was five but was born in the United States. I have dual citizenship with the UK and the US. I filed US tax returns each year up until 2010. In Jan of 2011 I surrendered my passport and received certification of my expatriation. I did not however file the Form 8854. Now I am very worried. I know that this oversite has caused me to become a covered expatriot. Do I really need to file a 2011 and 2012 1040? Should I file the 8854 for year 2011, 2012, or 2013? Will I need to pay the exit tax even though my income is very much below the threshold?

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Robin D.

Vocational, Technical or Trade School

20,950 satisfied customers
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