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Tax question If you get an S Corp letter saying that it's an
Tax question If you get an S Corp letter saying that it's an S Corp as of 12/8/2016, is a 2016 required even though operations didn't begin until 1/1/2017? What happens if just a calendar year initial… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,976 satisfied customers
I have an S-Corp with no activity and I discovered I am now
I have an S-Corp with no activity and I discovered I am now late with filing the 1120S form and I understand there are penalties of $195/mo. I was wondering if I can avoid the penalty and dissolve the… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,976 satisfied customers
This is my first year filing 1120S form and I'm unsure how
This is my first year filing 1120S form and I'm unsure how to complete some of it. If I received a loan to start the business, where on the form do I indicate that? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,234 satisfied customers
I hope you been well. I had a tax question I'm attempting to
Hi I hope you been well. I had a tax question I'm attempting to expeditiously find a resolution to. My grandmother wants to know if she needs to file taxes this year. Last year my grandfather unfortun… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,976 satisfied customers
I know that real estate taxes and interest on the note for
I know that real estate taxes and interest on the note for the property are not considered start-up expenses subject to amortization. So does that mean that they are deductible expenses to the busines… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,767 satisfied customers
Can 1120 be marked as FINAL if bank account had a cash
Can 1120 be marked as FINAL if bank account had a cash balance on 12/31/2016 (the last day of the return). Can I show zero balances on schedule L of 1120 on 2016 return ending 12/31/2016 but bring ban… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
I would like to file my business federal taxes but the
I would like to file my business federal taxes but the option is not available on when i try it … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,234 satisfied customers
What do I need to do to file taxed for me new LLC elected as
What do I need to do to file taxed for me new LLC elected as an S-Corp that was established on 11/7/2016 in Washington State? Do I need an accountant if I have not generated any revenue yet?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,234 satisfied customers
Last summer, I formed a L.L.C in the state of Mississippi
Last summer, I formed a L.L.C in the state of Mississippi for the purpose of investing in real estate. I made no money last year, but I did have expenses for the business. I spent the most money, howe… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
I was wondering if I am able to write off expenses last year
I was wondering if I am able to write off expenses last year even though I did not have a company formed - yet. My fiance I I were looking into investing in real estate. This past month we formed an L… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I started an llc with my wife we listed each other as
i started an llc with my wife we listed each other as members the llc was formed last year 10/24/2016 as a basic structure we have not used it yet still , it has no income or expenses this year to kee… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
How do you enter a 1099misc as income on the s-corp 1120s?
how do you enter a 1099misc as income on the s-corp 1120s? … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
I have started a corporation (S Corp) with the intention of
I have started a corporation (S Corp) with the intention of buying, fixing and selling the property. How can I reported the IRS?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I requested a tax payer id number LLC but there was a
I requested a tax payer id number for an LLC but there was a typographical error on the street address for the LLC. How can I amend the address?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I started a "S" corp last year in November. I have changed my mind about doing t
I started a "S" corp last year in November. I have changed my mind about doing this business. Is a revocation letter the way to terminate this "S" corp with the IRS?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Hi, I need to file the following: A. LLC w/ S-Corp Status
Hi, I need to file the following: A. LLC w/ S-Corp Status (Maryland) - 1120S B. 5471 C. FBAR WIth that said, I have two questions. 1. In regards XXXXX XXXXX LLC, are there any other filing requirement… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Dear Tax Professional, If a foreign corporation is one of
Dear Tax Professional, If a foreign corporation is one of the members of US LLC and received a K-1 from that LLC, I understand the foreign corporation is required to report 1120-F, but where we should… read more
taxmanrog
taxmanrog
Master's Degree
1,182 satisfied customers
I have a S corporation which is the level minimum income to
I have a S corporation which is the level minimum income to report the S corporation 1120 Form , because I did the S corporation on 2009, but I never sent a Tax return .because I had zero Income and z… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
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