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In the new tax law, incomes of chapter s corps will have an
in the new tax law, incomes of chapter s corps will have an automatic write off of 20K or 20% is that right?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Lane - Can you run this scenario for me using your section
Hi Lane - Can you run this scenario for me using your section 199A model that you have. Here are the factors:S Corp Engineering Firm so a non service relatedW-2 Employees of $1,728,000 ($701,000 of W-… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I started working for my employer in August of 2016, I
I started working for my employer in August of 2016, I received a check every week subtracting what the tax would be. It's now My boss never set up payroll and I haven't recieved my W-2. What happens … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Which form 433 should an owner/employee of his own S corrp
Which form 433 should an owner/employee of his own S corrp use when he is doing an Offer in compromise? Dave… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Hold for JD, Lane as he has been on this cycle. First, I
Hold for JD, Lane as he has been on this cycle.First, I want to thank you for your help. On cycle discussed earlier, I got the property profile data to RO which a Realtor was able to get for me. Then … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have a client that has an S corp where he is the only
I have a client that has an S corp where he is the only employee. He doesn't do much W2 income. Can his SEP contribution be based on the net income of the business or his K1 income at least?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Hello, My client owes back taxes for both Individual (form
Hello, My client owes back taxes for both Individual (form 1040's) and their Corporation (form 1065's) for the years 2003 through 2010. This Corporation (which we'll call "Old Corp") has since been di… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
Form 433-A : "Income and expenses during the period (mmddyyyy)"
Form 433-A : "Income and expenses during the period (mmddyyyy)" What is the period supposed to be? 1 month? 3 months? Whatever I want it to be?… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
Dave, Here is another scenario with this same client. As
Dave, Here is another scenario with this same client. As mentioned before, my client started and was an officer for his C-Corp that existed from 2003 thru 2011. Times weren't easy and the Corporation … read more
Angie
Angie
Bookkeeper
55 satisfied customers
I have a tax debt over $100k. I am 65 and no longer employed,
I have a tax debt over $100k. I am 65 and no longer employed, and no income other than social security. The IRS recently levied my entire social security monthly benefit of $646. I read where the IRS … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I own an S-corp (single owner) with 1 W-2 employee. Ive been
I own an S-corp (single owner) with 1 W-2 employee. I've been paying myself 1099 when we have the money (we are still getting going and just barely profitable!). Do I need to be filing those 1099's, o… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
451 satisfied customers
How do I need to file if I own an S-Corp, have no employees.
How do I need to file if I own an S-Corp, have no employees. I have already paid and filed my 1120 to the IRS for the year. How do I file my personal taxes with my wife? Last year I was employed by Ba… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have a S corp and I am the only employee. I didnt pay myself
I have a S corp and I am the only employee. I didn't pay myself a wage in 2009 (there is no income), do I still need to file W2 and W3?… read more
Bizhelp
Bizhelp
Certified Public Accountant (CPA)
Bachelor's Degree
638 satisfied customers
What can be deducted from wages on a w-2 ie health insurance
What can be deducted from wages on a w-2 ie health insurance simple iras etc and can anything be duducted for medicare wages.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Can overlooked Sub S Corp wages be added to 1040 Line12
Already filed corporate returns for 2008 (single stockholder of small Sub S Corp) showing w-3 / w-2 wages of $56,000 …….and now doing individual returns and realized there was additional $4,000 to be … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Small business owner (100% owner) of a Sub S Corp (doing less
Small business owner (100% owner) of a Sub S Corp (doing less than $500,000 in revenue) Historically income for the 100% owner has been drawn out as the profits allow month to month or quarter to quar… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
I have an LLC, taxed as an S-Corp, formed in March 08, fiscal
I have an LLC, taxed as an S-Corp, formed in March '08, fiscal year ending 12/31. I have no idea what I'm doing financially and I've made a mess of the bookkeeping, but I'm certainly running at a loss… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I am attempting to complete IRS Form 433-A, Collection Information
I am attempting to complete IRS Form 433-A, Collection Information Statement for Wage Earners and Self-Employed Individuals in regard to the same subject I got help from LEV on 10/7 regarding an Offer… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
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