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Recent Frivolous questions

G. Again, thanks with that question. Thing is that I have

For Stephen G.Hi,Again, thanks with that question.Thing is that I have sustained some real trying time dealing with my Payroll. Nothing that should be done to an employee trying to stand up for not being thrown under the bus.So I am really looking for a way to expose either the tax error that they incurred, or if they have legally managed to correct it --through that loophole that recommended (to my benefit too, but with a undue price tag) -- to find an avenue to expose the deplorable dealing with corporate tax errors to tremendous detriment of employee relations.So I was wondering if you knew of a regulator, or professional body, or publications, which would be in theory be interested in learning how to avoid cases like this, if not prosecute, where I would make an anonymous complaint, ideally,Still please let me know.I would be willing to talk even with a reporter who might see a material for a column or an article.I really want to restore some balance in the Universe.Thanks!(If there is anything you can think of.)

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,352 satisfied customers
L want to start my Legal Nurse Consulting business and will

l want to start my Legal Nurse Consulting business and will be the only employee. I will be doing it from home until I get it up and running. Do I need a tax ID number and do I need to form an LLC just getting started?JA: Can you tell me what state the LLC is registered in?Customer: It would be in PennsylvaniaJA: Has anything been filed or reported?Customer: NO, I am in the beginning stages.JA: Anything else you want the lawyer to know before I connect you?Customer: Not that I can think of.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,352 satisfied customers
I have a situation where married taxpayers received a 1095-A

i have a situation where married taxpayers received a 1095-A for themselves, a dependent child and a non dependent child. The non dependent child filed his own return and received a letter from the IRS asking for the 8962 form. Now i am looking at the numbers and there was advance premium tax credits of about $11,000 on the parents 1095-A for the year which covered all 4 people. I understand that 25% of the premiums would need to be included on the non dependent sons tax return, however, from what i am reading, i would have the option of allocating all of the premium tax credits to the non dependent son. in this scenario the non dependent son would have to repay the credit but the amount of the repayment seems to be capped at $1,250. if i did this allocation, the parents increased refund would be well in excess of the $1250.This seems odd to me and i am wondering if i am interpreting this incorrectly. Would you be able to let me know if i am interpreting this or applying the PTC incorrectly?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,354 satisfied customers
My credit report is showing a missed payment over 30 days

My credit report is showing a missed payment over 30 days late for a credit card. I have had a negative balance for over 30 days now because I made a full payment in February, and then I was refunded for a purchase in March. Therefore, I owed $0 for my March billing statement. Of course I did not make a payment, as I had already overpaid! But my TransUnion and FICO are showing that they reported a late payment for March. I didn't make any purchases and I paid my balance in full from February. All my account statements check out. What is going on here?

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Christopher B, Esq.

Attorney

Juris Doctor

6,104 satisfied customers
I have had to spend 33k last yeah in defending myself against

I have had to spend 33k last yeah in defending myself against false allegation of child abuse which includes attorneys and psycologists. I won and now have my child 100% of the time. can I write any of this off?

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Robin D.

Vocational, Technical or Trade School

24,074 satisfied customers
Ive been audited by the irs 2012,2013,2014 i did not go to

hi ive been audited by the irs for years 2012,2013,2014 i did not go to the audit meeting because i have no documents to back up my claim and deductions. they asseced tax for more that 65,000 with penalties and interest for all three years,my question is can i amend those tax returns and claim less gross income because i checked my irs transcrips for those years and a 1099 was missing in there database for all three years. can i file with less gross income and maybe get away with not filing that big 1099 since the irs dont have it in there records? thanks

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,354 satisfied customers
Single Member LLC Owned By Another LLC- How Taxed

I have several LLCs that I own. Each individual LLC (taxed as a partnership) owns several properties. I have heard that insurance companies are denying more and more claims for frivolous reasons. I am thinking to place each property in a separate LLC for protection and the owner of that LLC to be the same.Let me explain. For simplicity, we will call the individual LLCs that own one property “property LLC”. I am planning for the “property LLCs” to be owned by the same original LLC.I wanted to use a single member LLC for the “property LLCs”. This way I report taxes in the same way. I mean that the same original LLC still has to report taxes for the same properties. Is that right? Reason being-the “property LLC”s are disregarded entities and the original LLC owns it.

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Lev

Retired

Bachelor's Degree Equivalent

24,832 satisfied customers
A taxpayer has entered into a binding contract

A taxpayer has entered into a binding contract for the installation of photovoltaic panels and would like to take the solar panel tax credit. However, the installation is not complete as of the end of the year. If work has started on the improvement doesthis meet the criteria of being placed into service?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,352 satisfied customers
Circumstances: Taxpayer lives and works outside the US in

Circumstances:Taxpayer lives and works outside the US in Mexico.His spouse lives and works in Texas.Texas is a community property state.Question: For Married Filing Separate community income split, is the income earned by the taxpayer in Mexico considered community income?Comment: I use a fairly sophisticated tax software program that actually prepares split community computations and tax returns based on community property laws. The program absolutely will not allow me to allocate the foreign earned income as community income. This income is being 100% allocated to the taxpayer that earned it.

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Lev

Retired

Bachelor's Degree Equivalent

24,832 satisfied customers
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