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In 2016 my S-corp went out of business in February. There
In 2016 my S-corp went out of business in February. There were major losses, not just from operations but also from balances being called due on lease defaults. We had losses the past 2 years prior an… read more
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Hello,to brief... I have S corp, nature of business is software consultancy started in 2014 2 Directors ( myself and my wife) No business , No employees since inception. No revenue so far , $0 tax fil… read more
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I have a new client who is a missionary from Jordan. He does
I have a new client who is a missionary from Jordan. He does contract work in America for a fee but send a percentage of it to Jordan to his home mission church. He is having to pay self employment ta… read more
Robin D.
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Have a question about our priests in our church. They have
Have a question about our priests in our church. They have taken vow of poverty. They get a minimum salary and also a housing allowance. Should they file federal and state taxes? They are not paying S… read more
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I am a clergy - a preacher. When I calculate my self-employment
I am a clergy - a preacher. When I calculate my self-employment social security tax do I just use my salary and/or housing allowance? I file a joint return with my wife. Do I have to include her salar… read more
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Do full time pastors recieve a w2 or 1099. Are they subject
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Does SE tax need to paid on a non-employee decedents final
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Robin, you have helped us for the past two years and here I
Robin, you have helped us for the past two years and here I am again with a question just to make sure I am doing the correct thing on the filing of our 2012 IRS Taxes. Is this statement correct .....… read more
R. Klein, EA
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I am a sole proprietor, work out of my home buying and selling
I am a sole proprietor, work out of my home buying and selling surplus computer products. I haven't paid FICA for several years and need to get that taken care of. How do I do this? Where is the money… read more
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I am using Turbo Tax, and have a loss on my K-1 line 2 of $242.
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For several years, the ministers of our church have been treated
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Question Rev. A is pastor of a chuch. His salary is approximately
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my husband is a youth pastor and I understand there is a form
my husband is a youth pastor and I understand there is a form that has to have been filed to be able to take off housing. I believe he filled out the paper work but it was probably 12 years ago. Is th… read more
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My wife and I own a coin laundry. We have no employees so we
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My wife and I are the only employees of a housecleaning business.
My wife and I are the only employees of a housecleaning business. We had been running it as a sole proprietorship but last year we filed for a S Corp. We never finished setting it up for FICA and stat… read more
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If a person who havent filed his taxes for three years, however,
If a person who haven't filed his taxes for three years, however, filed joinly with his wife and got a check (for those three years) but didn't know that it was wrong. He wants to correct the problem … read more
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I requested the information below. I am a church treasurer.
Discuss self-employment taxes for ministers--The Requirements and the only possibility to elect out of having to pay self-employment taxes----Thank you As said above I am a church treasurer and our ne… read more
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