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Recent Taxpayer questions

What is the cost in receiving an answer to a 401K query for

Hi what is the cost in receiving an answer to a 401K query for non US citizen non-resident?

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Chad Caros

Managing Director

Master's Degree

50 satisfied customers
Robin, I have an aircraft owned under a Delaware LLC. I am a

Hi Robin,I have an aircraft owned under a Delaware LLC. I am a Florida resident. The aircraft is domiciled in TN because that is where the pilot lives. The plane was serviced in TN and now TN is wanting me to pay use tax. I do not understand why. Is this disputable and who or how do I do that?Thank you.

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Robin D.

Vocational, Technical or Trade School

25,020 satisfied customers
I am thinking of selling foreign property that I have owned

I am thinking of selling foreign property that I have owned for about 20 yrs in Belize.It is just raw land with no improvements. Cost about 40k and may sell for 110k. What am I looking at for tax consequences on the sale.I tried to figure out from IRS form 8938 instructions but!!??Thank you

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Lev

Retired

Bachelor's Degree Equivalent

25,410 satisfied customers
This question is for Robin D. Will I be audited by the IRS?

This question is for Robin D. Will I be audited by the IRS? I make money from playing an online game that is similar to World of Warcraft. The way I make money in real life is by selling the gold that I make in the game to websites that are willing to buy it for real life dollars via PayPal. Since I surpassed $20k in gross income, PayPal sent my annual 1099-K form to the IRS and I have to pay taxes on the money I've earned. I am considered self-employed and I've made close to $300,000 this year.

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Robin D.

Vocational, Technical or Trade School

25,020 satisfied customers
I am filling out a M-5008-R Appointment of Taxpayer

I am filling out a M-5008-R Appointment of Taxpayer Representative for NJ for an executrix of an estate.Question 1 The taxpayer is:What is the appropriate box to fill in

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,034 satisfied customers
A taxpayer who is a FL resident is considering the sale of

A taxpayer who is a FL resident is considering the sale of his stock in his PA S Corporation. The S Corp provides credit card processing services. Approx 1/2 of its clients are in PA & the other 1/2 in FL. There is a physical office in PA. The FL clients are managed from the taxpayer's home office. Does the entire gain have to be reported on a non-resident PA-40 return?

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Robin D.

Vocational, Technical or Trade School

25,020 satisfied customers
I'm a grandfather Who has raised two of his older

I'm a grandfather Who has raised two of his older grandchildren for the last two years the parents count the deduction but they asked me to go ahead and count the earned income credit because I've been taking care of them, is that something that can be counted on my income tax. For some reason they have not filed the earned come on them, something about their income that it would not do them in a good.

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Lev

Retired

Bachelor's Degree Equivalent

25,410 satisfied customers
Taxpayer's health insurance is purchase thru his employer

taxpayer's health insurance is purchase thru his employer for 5k. Spouse own a s corporation and she has the company pay her health insurance and this amount was report on her W-2 box 14 My question is can they deduct the entire amount 9k (5k + 4K) health insurance on page 1 of their 1040 or the 4k on page 1 and the 5k as itemize?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,592 satisfied customers
My accountant filed corp taxes and w2 this week but we then

my accountant filed corp taxes and w2 this week but we then discovered that w2 amounts do not match quarterly 941s filed. while w2 is correct we underreported 941s for 2 quarters of 2016 (3rd and 4th) for about 25k. We are now filing 941x and i was wondering if it is a big problem.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: no

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Brian Michels

Partner

Bachelors of Business Administration

220 satisfied customers
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