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I have a client who has a couple tax liens in her name. They

I have a client who has a couple tax liens in her name. They derive from a corp she owned with her now ex husband, who also has liens..Payroll tax is from the last quarter of 2007 and 1st quarter of 2008, there is a total owed of about 90K for payroll taxes with penatlies and fines and interest.. She ceased to be a principal of company in 2010. Her husband in divorce agreement was supposed to handle these debts, but did not. The debts were later put in uncollectible status.Now, If the IRS statue of limitations is running, when do there fall off?? Does the 2007 debt fall off April 15 2018? And the 2008 debt fall off April 15 2019? This would assume they filed their annual payroll forms then. Or do the quarterly payments count as filing dates? Also, is the SOL something IRS can ignore on payroll taxes? Is this likely?Now, the client is worried IRS might come after her for the money as she is now making enough money she should be collectible. She also moved since filling her 2014 taxes, and has not filed 2015 yet --she has an extension. But the IRS might not have her current address.If the IRS decides she is collectible, will they send her a notice?. What if they decide to garnish? Do they have to send her a warning? If so, how much warning does she get before levy or garnishment? Also, she owns by divorce decree a second house still in her 2nd ex-husband's name. If this levy-able? Is it at all likely IRS will find it? What is the limitation on garnishment--she is a sales person and now makes a 6 figure annual income. What is the limit they can garnish?

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Mark Taylor

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Masters

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Currently, my father in-law pays my wife a salary and takes

Currently, my father in-law pays my wife a salary and takes out taxes, social security etc.We formed a LLC. We are wondering if my father in-law paid the LLC vs. my wife, if there are tax advantages for us or would we have to pay more because of state business tax on that income + state taxes, fed, and social security?

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Mark Taylor

Certified Public Accountant

Masters

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I live in Texas and would like to sell a few things on eBay.

I live in Texas and would like to sell a few things on eBay. I'm not trying to make it into a business at this time, but I read that since I live in Texas I need to get a state tax id, because I have to charge Texas customers, sales tax. I applied for one, and just put "home- eBay" as my business name. I wasn't sure if that was the right thing to do, please help. Also, I'm not sure what I need/can report when I file taxes. Hope this makes sense. Thanks

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Mark Taylor

Certified Public Accountant

Masters

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346 satisfied customers
I live in Kansas an am opening an internet sales company. I

I live in Kansas an am opening an internet sales company. I see that Texas has no corporate income taxes. Furthermore, the sales tax in some counties is lower than anything in Kansas. I have confirmed that Texas is a state that will allow you to use a PO box as a company's address.UPS stores allow you to open a PO box that has an address that looks just like a physical address.Can you think of any adverse taxation that may result if I base my LLC out of an address in Texas while living in Kansas?Thank you.

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Mark Taylor

Certified Public Accountant

Masters

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346 satisfied customers
I have a registered LLC in Delaware. In 2016 I have so far

I have a registered LLC in Delaware.In 2016 I have so far lived in NYC, HI, and now looking at moving to either CA, or FL.What state would my tax return be done in?I'm looking at moving to FL in October for the remainder of the year, hoping that would give me the tax benefits from that state.I have a NY drivers licence, and a HI state ID card just for some extra info...Last years tax i filed in HI, even though I didn't move here until February 2016.Really unsure of what I should be doing as I move around so much.Thanks

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Dr. Fiona Chen

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Does tuition paid by a foreign Goverment employer in the us

Does tuition paid by a foreign Goverment employer in the us (embassy in this case) to the US Citizen employee's dependent as fringe benefits considered income subject to tax?

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Dr. Fiona Chen

President

Ph.D.

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I have a question about a returned check, I had two 941

I have a question about a returned checkJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I had two 941 payments that went to the wrong bank account. Will the clearinghouse resubmit the ach payments?JA: Is there anything else the Accountant should be aware of?Customer: Will i receive the 608c letter if the clearinghouse resubmits?JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

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Mark Taylor

Certified Public Accountant

Masters

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346 satisfied customers
We started an animal sanctuary in 2015 that is under the

we started an animal sanctuary in 2015 that is under the umbrella of a fiscal sponsor as a non profit. the fiscal sponsor rep says we will benefit more from counting our fiscal contributions as business expenses instead of charitable contributions. is this true?Also, we file separately and use different accounts to pay for these ongoing services and supplies. if we count as business expenses, can we both use deductions, or just one of us...not for the same expenses. though we use different accounts, both our names are ***** ***** as personal acts. they are not setup as business acts; The fiscal sponsor says it is not allowed to have separate bank act for the sanctuary.I know we will need a schedule c...i have a private counseling practice, so only 1099s and private pay. husband works for the state as employee, and would need to file schedule c, also, if allowed to yake some deductions, correct?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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I am a the single owner and employee of an S corp. I have an

I am a the single owner and employee of an S corp. I have an established salary, and my accountant provides the service of paying my FICA/payroll tax on a monthly basis. However, he does not do any Federal income tax withholding for my monthly salary, and says that I can just do quarterly estimated tax payments. Is this correct?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,764 satisfied customers
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