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I am on social security Disability. I will turn 64 in March.

I am on social security Disability . I will turn 64 in March . I recently have been able to work part time as a musician, but nothing else. I have been getting 300 a month from a Resturaunt for the past three months. I filled out an SS9 form at the Resturaunt.Will this affect my social security disability benefits which net around 1400 a month after withholding tax is taken out? Will I get in trouble with social security for doing this ?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,242 satisfied customers
How do I reflect or report adjustments made by Palmetto

How do I reflect or report adjustments made by Palmetto (Medicare) on my income on the Tax Returns? I have a Home Health Business. They reported on the 1099 to the IRS a higher amount paid than what they actually deposited in the account.

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Robin D.

Vocational, Technical or Trade School

20,936 satisfied customers
Clare we have got money transferred to friends name all is

Clare we have got money transferred to friends name all is sweet there but now the IRS want us to pay more tax but will not give a tax code so we can pay them they want new money to pay the tax and then will give tax code is there a way around this?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,242 satisfied customers
Retirement question - A married couple filing MFJ, both

Retirement question - A married couple filing MFJ, both spouses work and are active participants in retirement plan (SIMPLE IRA). Are there any restrictions from them making a deductible contribution to a Traditional IRA?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,242 satisfied customers
Tax Experts One of my client's is planning to use foreign

Tax ExpertsOne of my client's is planning to use foreign web designers for his business. His business is S-Corp.1. Is he required to do tax withholding on US based income paid to foreigners (person or corporation).2. Do they need to have US federal ID?3. What forms need to be filed and how often?4. Is foreign person required to file US tax return?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,242 satisfied customers
Can I purchase my mother's house as part of a 1031 exchange?

Can I purchase my mother's house as part of a 1031 exchange? She will receive approximately $100K from the sale (at fair market value) of her property.Thanks!Kim

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,242 satisfied customers
I am thinking about moving my counseling practice (LLC) from

I am thinking about moving my counseling practice (LLC) from Florence, KY (Boone Co) to Cincinnati, KY (Hamilton County) because I was told that there is a tax advantage enacted by the OH governor. There are other reasons for possibly moving, but I wanted to see if the tax advantage was significant.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,242 satisfied customers
A company I represent as an independent contractor (1099

A company I represent as an independent contractor (1099 status) is asking to see a copy of the last two years of my tax return Schedule C for years 2014 & 2015, because they claim the state labor board is reviewing their business practices. In my opinion, this is my personal tax information. If the labor board wants it, shouldn't they be contacting me directly?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,242 satisfied customers
I am going to accept a freelance job and i want to use my

I am going to accept a freelance job and i want to use my LLC and pay myself through that.What do i need to do before i accept?How can i ensure that i do my taxes correctly?Will things be much different if i have another employee with me (my friend)?

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Mark Taylor

Certified Public Accountant

Masters

914 satisfied customers
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