Join the 9 million people who found a smarter way to get Expert help

Recent Service Tax questions

My company has done very well over the past couple of years,

My company has done very well over the past couple of years, and I hold stock in it. My financial advisor has told me I need to sell some of that stock. These are restricted stock units (RSUs) which are part of my compensation. I'm afraid that selling the stock will trigger AMT. It will likely amount to approx. $500,000 capital gain. Will this be a problem?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,808 satisfied customers
Hi, I have set up a Mining Consultancy service in NZ but 90%

Hi,I have set up a Mining Consultancy service in NZ but 90% of my work is in South Africa and Australia with the rest being in NZ. I am paid in AU$ and I dont charge any gst (accountant said I am zero-rated). Is it correct that I dont need to register for gst in Australia as long as I dont exceed the $75k threshold? I will have in total about 4 mining clients in Australia and 1 in South Africa.Thank you in advance for your time.LM

Read more

Shawn P Adamo

CEO

Bachelor's Degree

star-full
4,726 satisfied customers
Im on long term disability. I have two blocks of money. One

I'm on long term disability. I have two blocks of money. One is a retirement fund and the other is my 401k. These are currently being managed by my former employer. I've heard that I can withdraw my pension fund without penalty except for taxes. I'm 52 years old single but my home is shared with my ex partner. We both reside in the home with his mother.One option I was considering was to pay off my the home loan. Not having that monthly payment would be a great relief. But, it would also be a risk for my retirement fund. Currently, my 401k is invested in the stock market. That makes me very nervous. Its only now that my 401k has gotten close to what it was pre-stock drop. But, putting that money in an IRA making basically no interest doesn't seem wise at all.I definitely want the pension money away from my employer. The 401k I'm not sure about. Currently that money is in a age-driven fund. As I get older, the investment shifts to less risky options.Sorry, I know that's a lot of questions. Thanks for your help.

Read more

Bill

Master's Degree

star-full
2,000 satisfied customers
Question Addressed to Lane Only.... Have a couple of quick

Question Addressed to Lane Only....Have a couple of quick questions...prefer to speak via phone option..

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,808 satisfied customers
Someone I know hit the lotto and cannot claim the money for

someone I know hit the lotto and cannot claim the money for 50,000. He is willing to pay me 5000.00 to claim it for him. Would this effect my yearly amount I get back from paying income tax on what I make every year. I know they take money out for taxe at high tax bracket, trying to see if its worth my while to file like I'm the owner or if it will hurt me

Read more

Mark Taylor

Certified Public Accountant

Masters

star-full
432 satisfied customers
I own several preferred stocks issued by banks. They have

I own several preferred stocks issued by banks. They have dividends around 5%, and the price is very stable...around $25. They are callable at $25 several years from now. I was wondering why a financially sound company would issue preferred stock that obviously is more expensive for them than other available sources? They could issue regular stock at a much reduce yield, for example. Or just borrow money at a lower rate. Should I avoid these investments?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,808 satisfied customers
I recently made a real estate investment from my Solo 401K

I recently made a real estate investment from my Solo 401K as part of a larger partnership that is purchasing an apartment complex. The 401K is a Solo 401K account that is tied to my company IMG Systems, LLC.The 401K is titled IMG Systems LLC 401K.My assumption is that on the agreement for this investment, the name of the entity investing on my behalf should be as follows:IMG Systems LLC 401KAnd the tax ID number that should be listed on the investment agreement should be my personal social security number (instead of IMG's EIN#). Does that sound correct?Thank you.

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,808 satisfied customers
Need to start filing annual Section 125 POP reports to the

Hello,Need to start filing annual Section 125 POP reports to the IRS. Exactly what is required? Further if we change up the 125 Plan to include reimbursement for medical expenses, are the reporting requirements different?Thank you

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,808 satisfied customers
My wife and I opened a revocable living trust (we both are

My wife and I opened a revocable living trust (we both are trustees), and are gradually moving assets into it. For non-retirement brokerage accounts, is there any reason to keep those outside of the revocable living trust? We are in the state of North Carolina, and our assets are solidly middle-class (<$1 million).JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: When moving non-retirement assets into a trust brokerage account that are currently held in my name or held in a jointly owned account with my wife, would there be any tax implications?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,808 satisfied customers
View more finance questions
In The News