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Recent Revenue Service questions

US LLC file Form 1065. the owners are foreign person

Hello, US LLC file Form 1065. the owners are foreign person (Canadians) and have US ITIN and file Form 1040NR. What's specific Forms need to file with the company income tax return? Owners have K-1 every year and file Form 1040NR. Thank you

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Mark Taylor

Certified Public Accountant

Masters

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324 satisfied customers
I just amended a clients returns, 14 and 15. I would like to

I just amended a clients returns for 2013, 14 and 15. I would like to work out the interest they owe for each year so they can make an accurate payment. I find it confusing, as IRS wiill give a percentage to add to another rate. I do not find a table anywhere. For that matter, I would accept a workable rule of thumb that would get me close to the correct answer, if that was available. I run into variants of this problem routinely in trying to work out penalties. My computer- Intuit Pro Series--calculates pretty much everything else. What is the solution?

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Dr. Fiona Chen

President

Ph.D.

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52 satisfied customers
How can I obtain a copy of our 501(c)(3) Church in

How can I obtain a copy of our 501(c)(3) for The Church in Sutersville, PA 15083 withEIN #25-1555428 ?Thanks,Arlene E. Lash, TreasurereMail: ***@******.***Phone: (###) ###-####

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Mark Taylor

Certified Public Accountant

Masters

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324 satisfied customers
Where do we mail Form 433-D (Installment Agreement)? I live

Where do we mail Form 433-D (Installment Agreement)? I live in Ohio. Also do we have to send both IRS Copy and Financial Institution Copy (Direct Debit only) ? thanks

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Barbara

Enrolled Agent, Paralegal

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4,838 satisfied customers
I am an HR professional - have a question re Per Diem that

Hello -I am an HR professional - have a question re Per Diem for temps that work longer than a 12-month assignment -Have read the similar question and answer that addressed the possibility of contingent worker re-starting the 12-month non-taxable period by moving work locations.My Question: How short of an employment break is advised to re-start a 12-month non-taxable per diem period?

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Robin D.

Vocational, Technical or Trade School

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20,588 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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16,736 satisfied customers
I cannot change my Federal Tax exemptions. It has been way

I cannot change my Federal Tax exemptions. It has been way more than three years and I would like an increase in my federal exemptions. What do I have to do?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: My federal exemptions have been at zero for a long time. Although my refund is sizable, I believe too much tax is being taken out.JA: Is there anything else the Accountant should be aware of?Customer: I work for the Federal GovernmentJA: 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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Robin D.

Vocational, Technical or Trade School

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20,588 satisfied customers
We incorporated in 2015, and are a software application

We incorporated in 2015, and are a software application without any appreciated value (we have yet to launch). When I file my 83b election for my unvested share, do I state that the amount to include in my gross income is $0? or is it par value per share x amount of shares in grant?Best

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,736 satisfied customers
Do i need a separate tax ID assume name that is associated

Do i need a separate tax ID for an assume name that is associated with a LLC that has a tax ID

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Robin D.

Vocational, Technical or Trade School

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20,588 satisfied customers
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