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Recent Generation Transfer Skipping questions

We have spoken with a lawyer on your site, and need to

We have spoken with a lawyer on your site, and need to proceed with a senior CPA, for further advice.

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Mark Taylor

Certified Public Accountant

Masters

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320 satisfied customers
I wish you can help me, I'm working on st-1 form body

I wish you can help meJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I'm working on st-1 form for Illinois for auto body business. My client received the check from insurance for 3441 including a tax in amount of 184. There is only this transaction for the whole month (it's a new business). I have a problem with Step*****1 formJA: Is there anything else important you think the Accountant should know?Customer: my client told me that he needs to pay the whole tax amount 184. I would like to make sure if this is correct.

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Dr. Fiona Chen

President

Ph.D.

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46 satisfied customers
I 't know if I filed taxes. I called the IRS number to

I don't know if I filed taxes for 2011. I called the IRS number to request a transcript for 2009, 2010, 2011 and 2012 . I was told that they could not provide a transcript for 2011. Does this mean I did not file for 2011?

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24 satisfied customers
Our non profit is looking to purchase some cosmetics from a

Our non profit is looking to purchase some cosmetics from a French company. We are hoping to contract with this company a discounted rate on the items so that we can sell them in the US to underwrite our charity. Can the French company use the discounted amount as a tax deduction on the items under French tax laws?

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Dr. Fiona Chen

President

Ph.D.

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46 satisfied customers
May you explain how affect personal income tax return deal

Hello, may you explain how affect personal income tax return deal like: son makes quick claim deed (claim deed) for property (investment ) to father and father sell this house. about numbers; son purchased for $232K, father sell it for $250K , but net check is $217K. if there is gain for father or not? is it tricky to avoid taxes?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,712 satisfied customers
Can I use 10k as a down payment from a traditional ira to

Can I use 10k as a down payment from a traditional ira to purchase a home were my child will be going to college. (The home would be in my name.) If I already own a home else where? I'm not 59 1/2.

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37,712 satisfied customers
I have my interview on the 4 of August i file taxes husband

I have my interview on the 4 of August i file taxes for my husband wholives in Jamaica but have a social security will it prevent me from getting my citiczen ship i am worried

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,712 satisfied customers
How can I, as an owner in a condo, reimburse the HOA

How can I, as an owner in a condo, reimburse the HOA for my disproportionate use of electricity, consumed by a large freezer?The condo complex was built with electric power wired into the outlying garages. The HOA pays the bills for these (separately metered) garages. Originally it was expected that the use of electricity would be only for lighting and hand tools. However I and a few other owners operate large freezers in our garages. These put a significant burden on the (~$80 per month) on the circuits which are being paid for by the HOA. We have worked out an amount that we would like to pay back to the HOA as reimbursement for our disproportionate use of power. The HOA Treasurer has been unable to devise a bookkeeping scheme to keep the reimbursement simple, avoid it's looking like taxable income, etc. Is there a way?

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Mark Taylor

Certified Public Accountant

Masters

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320 satisfied customers
My sister-in-law who lives in PA and is an RN is opening up

My sister-in-law who lives in PA and is an RN is opening up a Home Health Care business; She and her husband will be the sole employees for the initial start of the business. Should she become an LLC?

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Robin D.

Vocational, Technical or Trade School

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20,588 satisfied customers
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