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

Recent tax questions

It regards ***** ***** elimination provision expats

Hi it regards ***** ***** elimination provision for US expats and social security JA: Thanks. Can you give me any more details about your issue? Customer: Upon speaking w other US expats also based in Europe like me, one person told us that even if you will be receiving a very small (say 300-700 Euros pension per month) from a European country and even if you are receiving letters from the social security administration as you have also made payments there to the US and are over the minimum, the letters tell you that depending on which age you retire at, you will be receiving for example, 400, or 500 or 600$ per month, that due to this WEP provision, once you are actually filing for your pension, the US Social Security Administraiton will reduce strongly or completely eliminate any benefit coming from them to augment your 400 euro pension a month coming from a European country. Another person said that they understood the reduction or elimination to zero of any benefit was only valid for wealthy persons who would be receiving a certain "high" amount of pension from the European country. What is the truth on this and where can one find out about a particular situation? Are there any sample charts which explain this w some typical examples relevant to expats in Europe? JA: OK got it. Last thing — Tax Professionals generally expect a deposit of about $32 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.

Read more

Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
I am employed as VP of Operations small manufacturing

I am employed as VP of Operations for a small manufacturing company, for which I receive a salary. In 2016, I will begin to receive commissions on new business I bring to the company, in addition to my salary. My employer has suggested I register an LLC that can be paid these commissions to reduce both my and their tax burden.Further, the employer has suggested that they would like to pay my 2015 annual bonus to this new LLC, as well.My employer wants to avoid additional Worker's Compensation, Social Security Contribution, etc. that would result from simply paying me the commissions/bonuses as wages. I would like to reduce my tax burden, but really don't want to break the law.Further complicating things, I plan to offer consulting services to other companies in my industry in 2016.What should I do!?!

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
I am still working, but I will turn 70 in January 2016, and

I am still working, but I will turn 70 in January 2016, and I applied for my Social Security monthly payments to start that month. One of their employees called me and suggested that I also apply for spousal benefits, under my ex-wife's SSN, retroactive to July 2015 (when I became eligible for spousal benefits while still working.) I said yes, and was enrolled for spousal benefits - but they are also billing me for Medicare premiums under my ex's SSN , retroactive to January 2011 (five years!) even though my Medicare premiums under my own SSN (also since Januare 2011) were all paid and are up to date. How should I deal with this?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
I am 55, hold a Green Card and am a British citizen. My wife is a US Citizen, but we have

I am 55, hold a Green Card and am a British citizen. My wife is a US Citizen, but we have moved out of the US. If I give up my Green Card will I still be able to draw upon my 401K when I am 65?

Read more

Robin D.

Vocational, Technical or Trade School

 
20,318 satisfied customers
As a company owner can I retire and take my income as divi

As a company owner can I retire and take my income as dividends

Read more

PDtax

Owner

Master's Degree

 
6,682 satisfied customers
Dear Sirs and Madams,I am working for Canadian Company

Dear Sirs and Madams,I am working for Canadian Company abroad for several years and Company paid "hypothetical" taxes behalf of me in Canada. I treated myself as “non-resident" from CRA point of view and had recent years Tax Return as "non-resident". Me and Company have "Tax Equalization Policy", where stated that I will be treated "no better no worse" for taxation purposes during assignment as I stayed in Canada. Company paid my taxes in full and now ask me to return "Tax Return" to Company. The Tax Return CRA checks were issued on my name in 2011-13. Should I return "tax Return" to Company and If "yes", does any time limit exist for such disputes (for years 2011, 2012 at least)?What kind of Canadian Law is applicable in this case?Best regards,Alex.

Read more

Anne

Master Tax Preparer

 
3,086 satisfied customers
form rrb-1099-r is asking me to calculate the amount taxable

form rrb-1099-r is asking me to calculate the amount taxable for this form. How do I answer ?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
have rrb-1099 - amount is 24,984.00 - what is my taxable

have rrb-1099 - amount is 24,984.00 - what is my taxable income?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
i am 70 years old. are my soc sec benefits taxable. i work

i am 70 years old. are my soc sec benefits taxable. i work part as r n. earnedNNN-NN-NNNN

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,362 satisfied customers
View more tax questions

How JustAnswer Works

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Pay nothing to your Expert if you're not satisfied.

In The News