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Pearl. I'm not sure if you can answer this, since it does

Hello, Pearl. I'm not sure if you can answer this, since it does seem sort of complicated. I want to start an ecommerce business as a single owner, can I register in Nevada even though I live in Pennsylvania? Would I be double taxed?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Thanks for asking! Not that I can think of, aside from the fact that I will probalby recieve orders in other states, but I don't understand what would be considered a nexus for taxable income in those other states. Ecommerce is complicated. The laws were made for a different time.

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Mark Taylor

Certified Public Accountant

Masters

2,612 satisfied customers
I am retired 65 year old married woman. I receive 2000.00 a

I am retired 65 year old married woman. I receive 2000.00 a month distribution from my retirement IRA's. I am also on Social Security I receive 2073. before part B deductions of 128.00 and 66.60 for my prescription coverage. Our my IRA distributions taxable, and what rate? My base tax rate or capital gains?If the IRA distributions are taxable what forms do I need from my retirement accounts.?

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ABC Accounting Group

Bachelor's Degree

502 satisfied customers
I am a US citizen and a company based in the U.K. has hired

I am a US citizen and a company based in the U.K. has hired me to work for them. I'm not moving there this will only be for a few months at a time. I will be paid in pounds though. How does that work tax wise from pounds to converting to US dollars when I return? Would I end up paying taxes twice?

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taxmanrog

Master's Degree

998 satisfied customers
Tax question: Is it true that judgment recipient must pay

Tax question: Is it true that judgment recipient must pay income tax on the amount of the judgment within the year of decision?

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Mark Taylor

Certified Public Accountant

Masters

2,612 satisfied customers
Will i have to pay taxes on money i received from an annuity

will i have to pay taxes on money i received from an annuity with both a lump sum payout or a onthly payout?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: i am the beneficiary on my fathers retirement annuity and he passed away a few months ago . his insurance co has offered me either a lump sum or i continue receiving remaining monthly payments. will i be taxed on bothJA: Is there anything else the Accountant should be aware of?Customer: i guess what i am asking is which choice will cost me less in taxes

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taxmanrog

Master's Degree

998 satisfied customers
Filing jointly or separate with my wife; 1. Do we have a

Filing jointly or separate with my wife;1. Do we have a choice?2. If so, what are the pros and cons of filing separate vs. jointly?3. If filing separately, can we file at different times?4. Can a separate filing for my wife now, be later changed to a joint filing?The reasons why I ask have to to with lack of clarity whether I should file in Canada or USA. Further elaboration of this reason can be provided if needed.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,678 satisfied customers
I have received a settlement in a lawsuit and believe I have

I have received a settlement in a lawsuit and believe I have a long term capital gain on my hands but want additional input.

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Robin D.

Vocational, Technical or Trade School

22,348 satisfied customers
Robin, The probate referee appraised a house at day of death

Hi Robin,The probate referee appraised a house at day of death at $200,000. After probate, the house was sold by the heir for $250,000 net of closing costs. What, if any, is the capital gains rate paid by the heir?

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Robin D.

Vocational, Technical or Trade School

22,348 satisfied customers
I need help with a kind of in depth tax law question,

I need help with a kind of in depth tax law questionJA: What state are you in? It matters because laws vary by location.Customer: MichiganJA: Has anything been filed or reported?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: No

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,678 satisfied customers
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