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I have an LLC and we filed late. I thought our accountant
I have an LLC and we filed late. I thought our accountant had filed an extension for us, but just got a letter from the IRS saying we owed six months of penalties for filing in September. My question … read more
emc011075
emc011075
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I own a LLC and make SEP contributions annually. This year I
I own a LLC and make SEP contributions annually. This year I have missed a new deadline of March 15th to file Partnership returns. I have not filed anything yet but have a return ready. I do not under… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have a cash basis schedule C business. I want to make a
I have a cash basis schedule C business. I want to make a SEP IRA contribution for 2015. Although the contribution is allowed, which year do I apply it to, I wrote the check this year (2016) for last … read more
Lane
Lane
JD, MBA, CFP, CRPS
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I am a returning college student transferring to a college
I am a returning college student transferring to a college upstate, to finish my degree. In order to afford the cost of moving, I have to withdraw my 401k. I read that being a student can help you avo… read more
ShawnA
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Last year, I filed an extension on my 2013 tax return. I then
Last year, I filed an extension on my 2013 tax return. I then proceeded to miss the Oct 15th deadline. Knowing I have yet to complete and file this, and that I have 2014 to complete this week, what is… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
WE have a 9-30-14 year end so filing a 2013 tax return. We
WE have a 9-30-14 year end so filing a 2013 tax return. We have tax due so we want to contribute to a SEP. We have already filed our taxes. Can we file an amended tax return and fund the SEP? I know t… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I filed my taxes on time, but made a mistake on my Schedule
I filed my taxes on time, but made a mistake on my Schedule C, under reporting the income by ~$7500. Total sales income reported was approximately $55000, and should have been $62500. The reason is th… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Hi,I already got an extension on my personal tax until
Hi, I already got an extension on my personal tax until Oct. 15th. However, I may need further time. Am I allowed another extension? Thanks… read more
Robin D.
Robin D.
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15,569 satisfied customers
Im currently unemployed for about 1 1/2 month but am actively
I'm currently unemployed for about 1 1/2 month but am actively looking for work. My mother (living outside of the US) has been very sick, bedridden and has been in and out of the hospital. I'm current… read more
Lev
Lev
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Bachelor's Degree Equivalent
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During 2010 and 2011, I withdrew money from an IRA account.
During 2010 and 2011, I withdrew money from an IRA account. These were pre-tax dollars, so I know the monies withdrawn are now counted as taxable income. In addition, unless some of this money qualifi… read more
Charles Markham
Charles Markham
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I am the sole employee of an S-corp and have a SEP plan with
I am the sole employee of an S-corp and have a SEP plan with a 3 year wait for new employees. I am about to add an employee but want to keep my SEP plan for the next 3 years. Rather than set up a simp… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,360 satisfied customers
Please help! Due to ongoing personal serious illness since
Please help! Due to ongoing personal serious illness since February, I thought at that time My situation would be improved by summer. However, I was very mistaken. I have been in and out of the hospit… read more
Tax.appeal.168
Tax.appeal.168
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Do you know the email address for Deptment of the Treasury,
Do you know the email address for Deptment of the Treasury, Internal Revenue Service for irs in Holtsville, NY 11742?… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am currently receiving payments from a SEP account. I have
I am currently receiving payments from a SEP account. I have a 401k with my past employer. I am unemployed and was wondering if I take money out of the 401 k (absorbing the 10% penalty and paying taxe… read more
Robin D.
Robin D.
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Hello - Im in a bit of a battle with the IRS over back taxes.
Hello - I'm in a bit of a battle with the IRS over back taxes. My question concerns the 10% penalty on IRA withdrawls. I recently read that if a person pays their own health insurance (no employer), t… read more
Merlo
Merlo
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558 satisfied customers
Can I claim my sons rent that I pay each month while he is
Can I claim my son's rent that I pay each month while he is in College full time on my taxes… read more
Merlo
Merlo
Tax Consultant
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case study - a S corp files an extension for 1120s, and then
case study - a S corp files an extension for 1120s, and then files its return on time 3/16/09. Owner then wants to reduce ordinary business income by starting a SEP IRA. Owner is told can start a SEP … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
1,732 satisfied customers
I took a early withdrawal from a traditional ira. It ...
I took a early withdrawal from a traditional ira. It was about 8000.00. This past year my husband was battling cancer. He was out of work off and on for 4months and then off for 4 months straight. We … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
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