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Recent Dividends questions

OK from the notification attached The total value is

OK from the notification attached The total value is 35775.62, can you please illustrate for 2017, as I have already paid the 10% withholding fed tax, by opening an IRA today rolling over what $ amount would avoid the penalty?I Only have 21k left?

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Robin D.

Vocational, Technical or Trade School

24,980 satisfied customers
For each of the following, is a just-incorporated C-Corp

For each of the following, is a just-incorporated C-Corp start-up paying $0 wages/dividends to sole shareholder-officer required to start filing, and why: 1) FUTA Form 940, 2) FICA Form 941, 3) W2/W3, 4) Texas TUCA, and 5) Texas Workers Comp.

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39,608 satisfied customers
I had a stock fund that paid a dividend in 15 that was used

I had a stock fund that paid a dividend in 15 that was used to purchase more stock. I sold the stock in 16 I think, if have to can verify, at a loss. The IRS says I owe taxes on the dividend. First, is that true? Second Can I carry back the loss to 15 from 16 to negate the tax?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,568 satisfied customers
I have received the CP2000 and I found out that one of my

I have received the CP2000 and I found out that one of my brokerage taxable dividend was missing in 2015 and I have to pay for $2000. There are some mistakes and If I disagree, the amount will be less.1) Can we just pay what they charge $2000? I do not want to disagree to contact with them back and forth even thought the proposal amount will be less. Will it be trouble in the future?2) Once I pay the proposal amount, should I wait for the approval letter? Or should I just file an amended state return now?3) I tried to make amended tax form, adding the missing dividend, but the total number will not be going to the exact same as what they said, $5 different what they charge us.I do not mind, but it will be issue when I file the amended tax for the state?

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Brian Michels

Partner

Bachelors of Business Administration

214 satisfied customers
Need a Tax attourney, California, New non-grantor charitable

Need a Tax attourneyJA: What state are you in? It matters because laws vary by location.Customer: CaliforniaJA: Has anything been filed or reported?Customer: New non-grantor charitable trustJA: Anything else you want the lawyer to know before I connect you?Customer: Trying to assess if charitable Contributions are reported as income or booked into capital

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,568 satisfied customers
Is money taken out of a trust taxable? It is a Complex trust

Is money taken out of a trust taxable? It is a Complex trust and the money is for education expenses.

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182 satisfied customers
A couple files jointly in 2015. The husband passed away in

A couple files jointly in 2015. The husband passed away in May of 2015 but still had investment accounts & K-1's under his SSN until May of 2016. His wife is now filing a Single return for 2016. Does she report the 2016 1099 dividend & capital gain income + the partnership activity in her husband's SSN on her return?

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Lev

Retired

Bachelor's Degree Equivalent

25,398 satisfied customers
A Corporation is now an S corp for 2016. Where does the

A Corporation is now an S corp for 2016. Where does the retained earnings from the2015 C Corp go on the M-2?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,020 satisfied customers
For a decedent's estate income tax return, I only received

for a decedent's estate income tax return, I only received interest, dividends and a small capital loss. Can I list all of the income on Form 1041 as distributed and pay the tax on my personal return?

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Lev

Retired

Bachelor's Degree Equivalent

25,398 satisfied customers
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