I am in the process of selling a house in poland. it was
i am in the process of selling a house in poland. it was willed to me 16 years ago and i am selling it for $50k.----how do i transfer the proceeds from poland to the U>S. will there be any taxes involved on this transfer??---how does this need to show on my income tax return at the end of the year.---i have the ablility in 2 years to collect Social security from Poland. Can i collect from both poland and the USA at the same time?
I am doing accounting for a CEO of a company. I am not a
I am doing accounting for a CEO of a company. I am not a CPA. The business was a corporation from 1998-2015 & its is now a single member LLC for 2016. This CEO has been taking money from the business (in addition to his normal salary) via direct transfers into his personal bank account and by using the company credit card for personal expenses for maybe 15 years now. His employees do not know, but his has often not paid them salary or paid them partial salary while he also take a pay cut "via payroll", yet he subsidizes his missed pay but taking money out of the corp account or using the company card. I have tried to account for these "transactions" as loans that should eventually be taxable income for him. In some instances he makes the company "forgive" the loan, or if he does report the money he has spent personally (not all that he has spent personally, just a portion of it) on his returns, he then takes the money out of the company bank account to pay his personal taxes. I keep telling myself "Well it is his company, he can do what he wants", but is this true? Can he really do this? Is it legal? I mean you can't steal from yourself can you? Can he be liable for damages or sued? Could he even go to jail for this? Am I liable since I know about all of this?
I have an S corporation (PC) w Fed Tax id and i conduct my
i have an S corporation (PC) w Fed Tax id and i conduct my business (medical office) in NJ......now i want to open another business (in NJ) also medical business ..........my Q is may I use the same Fed ID and just get another tax ID in NJ, so i can file Fed tax w my old number and NJ taxes i pay under my new NJ tax ID? Tnx
I am currently doing due diligence on purchasing an existing
I am currently doing due diligence on purchasing an existing pet supplies store in Richmond, Virginia. LOI was signed two weeks ago. The business is located inside a somewhat old shopping centre. The lease was renewed early this year for three years. I'd like to know if I should have the store inspected? If yes, then when should be a good time to perform that and should be assets need to be inspected as well?
I now contract gigs (entertainment bookings) full-time
I now contract gigs (entertainment bookings) full-time (rather than part-time) and wanted to make sure that I do not need to provide health insurance to the musicians whom I contract (they are not employees). Do the following factors place an impact?1. The fact that I contract gigs full-time now in multiple states in the U.S.2. The number of musicians whom I contract. If so, how many musicians do I need to contract in order to need to provide them health insurance? If that applies, do I need to provide health insurance to all contracted musicians, or just the ones who meet certain criteria?3. Is the amount of income that I make a factor? If so, at what income level would I need to provide health insurance to the musicians whom I contract?4. Is the amount of income that the musicians make from these gigs a factor? If so, at why income level would I need to provide health insurance to the musicians?