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Recent Assessment questions

With an S Corporation how does the tax process work? Do I

With an S Corporation how does the tax process work? Do I end up paying taxes twice? Once by the corporation and then personally when I take a check from the corporation? Am I allowed to keep funds in the corporation and not pay myself, or is it expected some of the money will be paid out to me individually?

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Robin D.

Vocational, Technical or Trade School

25,662 satisfied customers
I have a question about qualified survivor pre retirement

I have a question about qualified survivor pre retirement annuity and taxes related to itJA: The expert will know how to help. Please tell me more, so we can help you best.Customer: I want to know the best path to take , either rolling over to a traditional ira, to a Roth IRA or taking a lump sumJA: Is there anything else the expert should be aware of?Customer: that's all

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Robin D.

Vocational, Technical or Trade School

25,662 satisfied customers
The ftb has attempted to garnish my wages and now steal my

the ftb has attempted to garnish my wages and now steal my tax return. I have never received a notice of proposed assessment for the matter in question. Their position --- you received a notice for a different tax issue; we don't have to send you one for the new issue. Is this legal?JA: The expert will know how to help. Is there anything else important you think the expert should know?Customer: that should be enough; thank you

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5,034 satisfied customers
When form 940 taxes are filed and paid late AND state

When form 940 taxes are filed and paid late AND state unemployment taxes are filed and paid late, does this affect the rate at which federal unemployment taxes are assessed? Can you still receive the maximum credit if both are paid late?JA: The expert will know how to help. Is there anything else important you think the expert should know?Customer: We are looking at a 2015 FUTA liability in Oklahoma

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Matthew Breecher

President

MBA (Graduate Legal Studies)

360 satisfied customers
Tax questions: Taxpayer have not file return since year

tax questions:Taxpayer have not file return since year 2012. If he file the return right now and there is a refund. will he able to get the refund even after 3 year has been past

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Robin D.

Vocational, Technical or Trade School

25,662 satisfied customers
Im unemployed since 2015 and withdrew about 60 of the 100 k

Hello im unemployed since 2015 and withdrew about 60 of the 100 k i had in an ira account. I havnt filed for 2015 because i did not want to give up the rest of my ira to pay the irs. The taxes owed. m down to 15k and still unemployed. What do i doJA: The expert will know how to help. Is there anything else the expert should be aware of?Customer: Took about 20k out in 2016, didnt file for 2016 either

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Robin D.

Vocational, Technical or Trade School

25,662 satisfied customers
We are planning to hire a nanny for our little one. We would

We are planning to hire a nanny for our little one.We would like to pay for the nanny service through online bank transfer.Now my question, what information do I have to collect from the nanny to be able to include the nanny expenses during income tax filing at the end of the year?Is there any form, that I need to have it signed by the nanny?

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taxmanrog

Master's Degree

1,184 satisfied customers
If someone contributed to a ROTH IRA IN 2015 but was not

if someone contributed to a ROTH IRA IN 2015 but was not entitled to it as they filed MFS but did not withdraw the amount and the interest earned until 2017 how is this reported? They have to amend the 2015 and pay the 6% penalty on the $6500 ineligible Roth contribution but where does the interest earned on that investment get reported? Broker she invested with only said the contribution of $6500 on Dec 23, 2015 was removed on April 28, 2016 total of $7283.96JA: The expert will know how to help. Is there anything else important you think the expert should know?Customer: does this all go on the 2015 amended return or on the 2017 return?

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Robin D.

Vocational, Technical or Trade School

25,662 satisfied customers
Robin, a few months ago I asked about the possibility of

Hi Robin,a few months ago I asked about the possibility of late filing of my tax return based on the fact that I am currently not in the US. I was on a J-1 visa during 2016, had US income which I am going to ask for tax exemption based on US-Norway tax treaty. However, I never got a green card. You responded that I can file by 15 June 2017.I read on the IRS website that it is US Citizens or Resident Aliens abroad who are allowed delayed filing. Am I considered a resident alien abroad for tax purposes?If yes, is there any forms I should attach to my tax return now explaining why I am filing late?thanks

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Robin D.

Vocational, Technical or Trade School

25,662 satisfied customers
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