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Recent Married Filing Jointly questions

I am about to set up a C-Corporation and a business bank

I am about to set up a C-Corporation and a business bank account for the company once it is registered. I want to check if any expenses I have paid for relating to the business prior to the incorporation date can be used as part of expenses to offset against future profits (eg accountancy consultation fees paid before the business is trading) ?If this can be done, in terms of time, how far back can the expenses be claimed prior to the incorporation date?

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PDtax

Owner

Master's Degree

6,994 satisfied customers
For accts What tax would I have to pay if I sold my

for acctsWhat tax would I have to pay if I sold my brownstone to my 2 daughters and their husbands? I would need to give a gift of equity of 750k , Can that be not taxed and used instead as part of my estate tax write-off if I have room? I Also have a capital gain of one million. I'm in the 33% tax bracket

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,772 satisfied customers
My adjusted gross income is 62,000.00. How much should I

My adjusted gross income is 62,000.00. How much should I have taken out of my check so I don't have to pay at the end of the year? I have no deductions so it is a straight 1040. Can you tell me approximately how much I should be paying?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,772 satisfied customers
My now ex-husband and I filed an extension for the 2015

My now ex-husband and I filed an extension for the 2015 year. I contacted him today about filing our returns as "Married Filing Seperatly" per a discussion I had with Robin D. one of the advisors here. To prevent me from being able to do this he went ahead and filed an E-return as "Married Filing Jointly" without my permission or allowing me to review what was being submitted in my name. What can I do now to prevent this return from going through to the IRS and to what options do I have.

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Robin D.

Vocational, Technical or Trade School

21,226 satisfied customers
My wife owns a house in a LLC that has been used as a rental

My wife owns a house in a LLC that has been used as a rental since we were married. We also purchased a Condo together, after marriage (that currently has a mortgage), this is not part of the LLC. I am transferring my interest to her as part of a divorce. Both properties have had expenses in 2016 and primarily the condo had Income. Unfortunately we are getting divorced by the end of the year, how does this work out when it comes to taxes? Who claims income and expenses.

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Barbara

Enrolled Agent, Paralegal

5,148 satisfied customers
Question....being paid 40k for mural job....expenses are

Question....being paid 40k for mural job....expenses are approximately 15k....what is tax is due federal and state..reside in nj

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,772 satisfied customers
Me and my wife have a living trust, 6 years ago, my son and

Me and my wife have a living trust, 6 years ago, my son and his wife moved in our house, they paid 50% of mortgage, we have grand deed stated that both my living trust and my son (with daughter-in-law) own 50% undivided interest. We are selling the house now, what is capital gain exclusion (250,000 for each of four owners)? Thanks a lot.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,772 satisfied customers
I have a client who married a foreign lady mid 2015, and she

I have a client who married a foreign lady mid 2015, and she has not been approved yet for immigration to the US. She did visit for a few months. She has no Soc Security No. The husband is trying to get her here and is waiting. Should I do MFS ior MFJ ???? She is no longer working in her home country of Hungary. My client is supporting her and her 14 year old son there.. Can my client count them as dependents if he is responsible for the majority of their support, even though they are in Hungary?? Can he get the child tax credit, or is this only possible after they have SS Nos.? I believe I will not be able to e-file, because of no Social Security nos. Is this correct? If they have no SS numbes are he cannot deduct for them, will MFS simplify things and allow me to e-file? Is this the most realistic option?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,230 satisfied customers
My husband passed in April this year. What do I do now? Do I

My husband passed in April this year. What do I do now?JA: The Retirement Accountant will know how to help. Please tell me more, so we can help you best.Customer: Do I contact SS now?JA: Is there anything else important you think the Retirement Accountant should know?Customer: He was in the VA hospital at the time. His youngest son was handling everything. He is not talking to me so I have no Idea how he might have handled things but do have death certificate from the Hospital.

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Barbara

Enrolled Agent, Paralegal

5,148 satisfied customers
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