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Recent Tax questions
I am trying to understand if I meet the "convience of the
Hello!I am trying to understand if I meet the "convience of the employer" clause to make deductions on home office. The company has a relatively will let me apply/approve me to work at home. They are also in the process of consolidating from two office buildings to one office building.Is it possible for me to qualify? Is there any supporting documention you would recommend?Thank you,Kelly
I am holding 3 settlement checks from a lawsuit,
I am holding 3 settlement checks from a lawsuit, subsequently I ended up in Fee Arbitration with my attorney for over charging me severely and I have filed a complaint with the State Bar for him taking 8,000 in fees from the trust account that was holding trial funds. Through this process I have learned that his wife is on his state bar account and he has been sued for taking trust money from another client. He also will not provide me with a proper trust accounting. I do not trust him to give him all of the settlement money I am owed.My attorney claims that since the 3 settlement checks have his social security number, all the money must go into his trust account. When the checks clear he will pay me what is owed to me. However, I do not trust him.He claims there is no other option because the 1099 is in his name.Since the checks are written in both our names my thought is to endorse one check over to him that will pay his fee's and then he endorses the remainder of the funds over to me directly. Which I will give him a receipt for tax reasons.Is there any reason this cannot be done and what would that process be when he files his taxes.
I am an EA. I used to be able to go to local IRS office and
I am an EA. I used to be able to go to local IRS office and get data on 3 clients at once by waiting in line. Now, they will only see me by appointment and will only give me data on one client I sometimes need to consult with someone to sort out something, or get transcripts or earlier year tax return copies. Is there an easier way to do this? I have waited a long time to get them on the phone, and have never used on line services. Do you have anything you can recommend.
We are a wife and husband owned company with only ourselves
Hello, We are a wife and husband owned company with only ourselves as employees. We live and do business in the state of Florida. The FL state audited our S-Corp and reclassified a good portion of our distributions ($46,631.80) as salary. Please view questions:1. I am about to send in the 941x and 940x to the IRS. I saw mention of a 941-B does that apply to us?2. I believe I also have to revise W-2s? Do I need to revise W-3?3. Do I need to or should I amend the 1120s and 1040?? If I amend these will we pay less on those to counter balance the additional amount that we will now owe?4. Since we were audited by State and not Federal does this help us any in requesting any late fees/penalties to be waived??5. At this time when I submit the forms we can not pay all that we will owe. If I make a partial payment will the IRS then bill us?6. Finally someone mentioned that just because State reclassified and we owed them zero that we do not have to revise Federal until they would audit.. that seems incorrect? Am I correct?We are in-between accountants right now.. however I do know how to amend all forms and file all taxes.Thank you for your assistance!! Michelle
My mother has a policy with Met Life which is going to be
My mother has a policy with Met Life which is going to be usedJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: for her funeral expenses. The funeral home is not familiar with 1035 formJA: Is there anything else important you think the Accountant should know?Customer: in order that her life insurance policy can be transferred to another type of life insurance allowing the State of Illinois funding.
JD, MBA, CFP, CRPS
Ford motor Company ignored Me about my stock in 2006, Then
Ford motor Company ignored Me about my stock in 2006 , Then they sent me a letter saying I had paid in 35,000 in taxes in 2006 , I called and they said they had sent 83,000 Dollars to me at a Post office box in Texas and had deducted 35,000 dollars for Taxes , I knew I had Requested the 20 Dollars a share and nothing had happened till now ! at that time they said i had no Shares when it was over 4100 shares ,, I asked my wife about our 2006 return and She said She destroyed it after 7 Years , I went to Jo ***** ***** in Delphos Ohio and they said they did not have a Copy of my 2006 return is it possible that there is one some where ? My address : Edward Shick ,*****. Elida Ohio 45807 , ph,(###) ###-#### , last 4 of SS# *****
An elderly neighbor asked me a question re. rental
hi...an elderly neighbor asked me a question re. rental taxes...she has a 3 family, lives in one unit, was renting other 2...she is thinking of having her son move in to help her with things...that would leave one unit rented...for taxes, would she divide expenses in half? is that how it would affect it? currently I think she divides expenses by 3 for 3 units, times 2 for the two rentals and claims the two for the two rentals leaving her unit out....so if it is just her unit and one other unit rented, is it just divide by 2 and claim one of the halves? or is it divide by 3 and claim one of the thirds as there are 3 apartments(2 that can be rented and one owner occupied)...thank you...
Tax advisor and Enrolled Agent
I am card holder citizen of argentina. i plan to become usView more tax questions
i am green card holder citizen of argentina. i plan to become us citizen. i want to give my house in argentina to two my children .JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: is there a tax to be paid here?JA: Is there anything else important you think the Accountant should know?Customer: i am married to a us citizen