Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Lane NJ based LLC entity is 100% owned by Latvia LLC entity.
Hello LaneNJ based LLC entity is 100% owned by Latvia LLC entity. What year end tax forms must be filed?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
I filed my 2017 form 1065 for my partnership. Just received
Hello, I filed my 2017 form 1065 for my partnership. Just received a notice from the IRS stating we need to file forms 8804 and 8805 since my wife and I are foreign partners. We have already paid our … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
I am a member of an LLC with my husband (both Canadian
I am a member of an LLC with my husband (both Canadian citizens on investor visas but NYS residents) and my brother-in-law, Canadian citizen and resident. My question is - since we are an LLC do we ha… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,152 satisfied customers
I need to know how to fill a forms 8804 and 8805 for a
I need to know how to fill a forms 8804 and 8805 for a partnership … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
The bank requires US to fill the w9 form (FATCA). Se have a
The bank requires US to fill the w9 form (FATCA). Se have a Delaware LLC and we pay thé franchise tax. Se have no business in US, no US citizens employed or being shareholers. The company only holds s… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
I have a partnership with a foreign partner. There is no
i have a partnership with a foreign partner. There is no revenue just a startup expense. Does it still need to file form 8805 … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
What to enter On Form 8804 part 3 line "e" and how to
What to enter On Form 8804 part 3 line "e" and how to compute if the only ECTI allocable in my case is a negative? (In this case the only ECTI comes from a partnership K1 that like I said it is negati… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
We are 2 non resident alien owners of an LLC located in Nevada.
We are 2 non resident alien owners of an LLC located in Nevada. We have income exclusively from clients outside US and we have only online services for computer software and hosting. We do not have an… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
If a LLC has two partners. A is an US resident natural
If a LLC has two partners. A is an US resident natural person. A is managing partner and holds 5%. B is a foreign trust owned by none US residents. B holds 95%. The LLC does only have none US related … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
How to file extension of form 8805 (Foreign Partner's Information
How to file extension of form 8805 (Foreign Partner's Information Statement of Section 1446 Withholding Tax)?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Correct filing steps partnership with foreign partners
My question is regarding the correct steps to take for filing with the IRS for partnerships with foreign partners. Here is our scenario: We are a domestic LLC, we provide consulting services, made up … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My Florida-based LLC was started on April 2013, has 3 partners,
My Florida-based LLC was started on April 2013, has 3 partners, split 3 ways, and is operating at a loss of $-725 each (our Gross income was 734 off of a 2,909 expenditure for startup costs and advert… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,688 satisfied customers
I am a Canadian owning 70% interest in a US LLC that generated
I am a Canadian owning 70% interest in a US LLC that generated profits. What are my tax filing responsibilites and that of my LLC's especially as it relates to Form 8804 and 8805… read more
taxmanrog
taxmanrog
Master's Degree
2,954 satisfied customers
We have an Llc in DE and we are 3 partners. One is resident
We have an Llc in DE and we are 3 partners. One is resident in Canada. What are the different papers I have to file for the company for him? What will he have to file (in the US and in Canada)? Thanks… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,688 satisfied customers
We have a newly formed Nevada LLC for the purpose of business
We have a newly formed Nevada LLC for the purpose of business consulting owned 50/50 between two partner-members who are both US both citizens. One of our colleagues in Australia is about to buy a 25%… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,688 satisfied customers
Hi. Im planning to convert my sole proprietor business to
Hi. I'm planning to convert my sole proprietor business to an LLC. The new business will have 3 partners including myself. One of the partners is living in a foreign country and he is not a US citizen… read more
BK-CPA
BK-CPA
Bachelor's Degree
972 satisfied customers
A two member LLC formed as a partnership with both members
A two member LLC formed as a partnership with both members being US citizens and doing business efeectively connected with the USA has taken on a UK member during the last quarter of 2010. It is now t… read more
BK-CPA
BK-CPA
Bachelor's Degree
972 satisfied customers
I have been doing an LLC tax return. They have five passive
I have been doing an LLC tax return. They have five passive foreign partners. They do not have/or I was not given ss# XXXXX itin#. For some reason I did not press the LLC managers on the foreign withh… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x