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Recent Dividends questions

If a new U.S. Company is being formed primarily from Isreali

If a new U.S. Company is being formed primarily from Isreali investors, what type of entity should be formed to minimize withholding on distributions of income/dividends back to Isreal?

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Mark D

Master's Degree

1,038 satisfied customers
I am trying to figure out if our health care premiums are

Hello,JA: Hi. What seems to be the problem?Customer: I am trying to figure out if our health care premiums are taken out pre or post taxes. The gross amount on my husbands 1099-R is roughly the same as the taxable amount ($300 difference, as opposed to the $15,000 or so that we paid in premiums). His retirement is from Calpers, but they said they cannot answer the question. We itemize, but I am not certain about the pre/post payment.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Not that I am aware of. What will be the cost to get an answer, and how long might it take? Thank you!

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Robin D.

Vocational, Technical or Trade School

23,164 satisfied customers
I HAVE OWNED WORKED IN AND RENTED SPACE TO OTHERS IN AN

HI, I HAVE OWNED WORKED IN AND RENTED SPACE TO OTHERS IN AN OFFICE BUILDING IN CALIFORNIA FOR 19 YEARS. I PURCHASED IT FOR 400,000 AND AM NOW SELLING IT FOR 385,000. ITHAS BEEN DEPRECIATED EVERY YEAR, NOW DOWN TO AROUND 50,000 ON MY TAXES. WHAT APPROXIMATELY MIGHT I HAVE TO PAY IN CAPITAL GAINS, TAXES, TO THE IRS OR CALIFORNIA GOVERNMENT??? HOW IS THIS AMOUNT DETERMINED?

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taxmanrog

Master's Degree

1,148 satisfied customers
I put my ss income & pension income on my tax return but it

I put my ss income & pension income on my tax return but it only showed I had to pay taxes on my pension. Is this correct?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: i made $18,684 between ss & pension pay out, but i am only paying tax on my pension amount $8854 is this correct?JA: Is there anything else the Accountant should be aware of?Customer: i used turbo tax. but i am worried this is not correct

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Robin D.

Vocational, Technical or Trade School

23,164 satisfied customers
I need help filling out my W4, Basically, I feel like I have

I need help filling out my W4JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Basically, I feel like I have too much coming out per check. We got a great return last year, but I'd rather have the money in my pocket and break even at the end of the year. I'm married with 2 kids, but not sure what allowances I should claim etc. The form is straight forward but trickyJA: Is there anything else important you think the Accountant should know?Customer: no

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Mark Taylor

Certified Public Accountant

Masters

3,298 satisfied customers
I am currently about to leave my job but have some stock in

I am currently about to leave my job but have some stock in a company that is not public yet. I expect that the market value will go up in the next few months. I was told that I had 90 days from the time I leave to buy the stock. They hold events where the company does a buy back of stock usually towards the end of the year. The question is should I buy my stock now share price is 8 dollars and Market value is $27.00 or should i wait to buy. My concern is the Market value will go up . When I do sell will be taxed on the gain from 8.00 to $27.00 ($19 per share) or would I be taxed on the price on the gain on what I sell it for in the future, for example if it goes up to $35.00 would I be taxed with the gain of $27 a share? I am trying to figure out if I should buy the stock now or wait until my 90 is up but there is a chance the market value will go up in the future.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,412 satisfied customers
I have an LLC which I would like to file as an S Corp for

I have an LLC which I would like to file as an S Corp for 2016. I have several extensive questions about converting my last distribution in 2016 into a paycheck. Could you help me with this situation?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,856 satisfied customers
I have a UTMA account for my kids. It's my understanding

I have a UTMA account for my kids. It's my understanding that I must submit any income (dividends, interest) on my return until which point they have W2 income then the income can be filed against their return... is this correct?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: The child has $1,000 in w2 income and $2,600 in dividends from the UTMA account. Do I need to even file a return for them

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Robin D.

Vocational, Technical or Trade School

23,164 satisfied customers
Let me think about how to word it. We took out a home equity

Hi, let me think about how to word it.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: We took out a home equity line of credit in 2009 ,and received the entire amount. We used part of the funds on home improvement etc and put the rest in a fidelity account. Is the cash withdrawn from the account subject to federal income tax?.JA: I think they do a wonderful job. All Experts must pass our rigorous 8 Step Expert Quality Process. This ensures that you get the most knowledgeable, trustworthy help anywhere on the Internet. You can learn more about it here: http://ww2.justanswer.com/expert-quality-process Is there anything else the Accountant should be aware of?Customer: you didn't answer my question

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Mark Taylor

Certified Public Accountant

Masters

3,298 satisfied customers
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