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Recent Internal Revenue Service questions

Thank you for your help. I worked in the US for 2.5 years on

Thank you for your help. I worked in the US for 2.5 years on a J1 visa. I left in December 2016 as I got a job back in Europe.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I want to fill my tax return for 2016 but I am not sure if I could just send my form1040-nrJA: Is there anything else the Accountant should be aware of?Customer: I don't think so

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,236 satisfied customers
My employer gave me a corrected W-2 because FEIN number was

my employer gave me a corrected W-2 because FEIN number was wrong. I have already filed and received a refund. What do I do with this new W-2JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Do I send the new w-2 to the IRS and if so, is there a formJA: Is there anything else important you think the Accountant should know?Customer: no

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ABC Accounting Group

Bachelor's Degree

734 satisfied customers
Our high school class is about to have a 50 yr reunion in

HI, Our high school class is about to have a 50 yr reunion in April. Do we absolutely have to have an EIN or can one of the committee members use their SS#. The account will only be open for maybe 3 months.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: was told in 2017, rules changed as we did not do it inthe past.

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Robin D.

Vocational, Technical or Trade School

23,372 satisfied customers
Second opinion] I have a client who got to the US on

Second opinion] I have a client who got to the US on February 21st of last year on a H1-B Visa. His spouse and children got here on July 23rd. I am filing his return as a single because his family does not meet the residency test of exemption. Can someone confirm if I am doing this correctly?Thank you

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Robin D.

Vocational, Technical or Trade School

23,372 satisfied customers
LAYNE, I have what is most likely a very simple question

For LaneGood afternoon LAYNE,I have what is most likely a very simple question unfortunately I will ask it in a complicated way.First let me give you some background so you understand what I'm getting at:

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,616 satisfied customers
My husband is a JP national with permanent residency status

My husband is a JP national with permanent residency status in US. I, his wife, am a US national. My husband's sister (JP national, Australian permanent resident) passed away 6.5 yrs ago . we've received confirmation on the closing of her estate. Next step is the distribution of the inheritance between my husband (resides in Texas) and his brother (resides in Japan). Wondering if we need to hire counsel here in US on what forms need to be filed, are there inheritance tax items we need to be aware of, etc.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: There is also the matter of honoring his sister's wish to provide monetary gifts to a few friends in Australia.

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Robin D.

Vocational, Technical or Trade School

23,372 satisfied customers
We are a company located in India and we do not have any

We are a company located in India and we do not have any physical presence in US. We are currently selling home textiles products in Amazon US through their FBA service.Since we do not have physical presence in US, we are not paying Federal Tax. We report our income and pay Income Tax in India.While finding our opportunity to sell our products in Walmart Marketplace online, they have asked us to provide US tax ID in order to register as a seller.Being a foreign company, we would like to know the possibility of obtaining a US taxi id. Also, we wanted to know whether getting a US tax id will result in paying Federal tax or we can get an exemption from paying Federal tax as we pay our taxes in India.

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Robin D.

Vocational, Technical or Trade School

23,372 satisfied customers
We purchased a company December 1st of 2015. We are

We purchased a company December 1st of 2015. We are structured as a C corp. When we created the corporation in 2015 we designated a fiscal year end of June 30 - using form SS5. Due to logistical challenges and concerns, we told our CPA that we would like to change from a fiscal to calendar year end. Because of this, he filed our taxes for the one month of December we owned the business in 2015.We have recently been interviewing other accountants and one that we recently talked to said we should have filed a short month for 2016 (Jan 1 2016 - June 30 2016). I have traded several communications about this with my current accountant in the past (prior to interviewing new accountants) and he told me that by filing that first 2015 return, that we were essentially establishing a calendar year end with the IRS and we would continue to file at the end of every year from that point on.My current accountant sited the following text from https://www.irs.gov/businesses/small-businesses-self-employed/tax-years ..."Tax YearsYou must figure your taxable income on the basis of a tax year. A “tax year” is an annual accounting period for keeping records and reporting income and expenses. An annual accounting period does not include a short tax year. The tax years you can use are:Calendar year - 12 consecutive months beginning January 1 and ending December 31.Fiscal year - 12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month.Unless you have a required tax year, you adopt a tax year by filing your first income tax return using that tax year. A required tax year is a tax year required under the Internal Revenue Code and the Income Tax Regulations. You have not adopted a tax year if you merely did any of the following.Filed an application for an extension of time to file an income tax return.Filed an application for an employer identification number.Paid estimated taxes for that tax year."I found another mention about C corp tax years here:"The Internal Revenue Service counts a C corporation's fiscal year as the one it established in the first year of operation. In order to change this, you must file an amended return with a request to change your fiscal year. You cannot merely file for an extension or apply for a new taxpayer identification number to change your tax year starting and ending dates."I need some clarification on this since I am receiving conflicting information between these two accountants. Am I in trouble here for not filing after June or is there a misunderstanding?

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Charles Markham

Principal

Masters Science Taxation

650 satisfied customers
How do I get a copy of a CP-575 for Medicare. The provider I

How do I get a copy of a CP-575 for Medicare. The provider I work for has changed her name and I need the form to complete the change with Medicare and Medicaid?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: The provider I do billing for has recently gotten a divorce and has changed her name back to her maiden name, so therefore all the insurance companies like medicare and medicaid require the CP 575 form.JA: Is there anything else important you think the Accountant should know?Customer: I just need to know how to obtain a completed form.

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Robin D.

Vocational, Technical or Trade School

23,372 satisfied customers
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