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Recent IRS Regulation questions

What is the rule on life insurance, I have life insurance at

what is the rule on life insuranceJA: The expert will know how to help. Please tell me more, so we can help you best.Customer: I have life insurance at worK and want to cancel. they say I can't because of IRS regulations. I do not bhhJA: Is there anything else important you think the expert should know?Customer: just that. I do not have money to pay for an answer. thanks for your help.

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Mark Taylor

Certified Public Accountant

Masters

3,790 satisfied customers
I have a C Corp. only share holders are myself and my

I have a C Corp. only share holders are myself and my husband 50/50 ownership. We grew over night - good thing.. bad thing. LOL now my business is totally internet based, I own Shout Broadcasting, Inc (we own ) and the services provided is primarily Live Sports Broadcasting to the web (both college and Pro sports).JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: Yes... as I said it's home based.. but I've out grown my office areas (one office and one studio). I want to stay home based due to crazy hours (we're international), I have more funds in the Corp account of course than in our own - we are salaried employees and I pay all w/holding. How can I use funds within the Corp for the down payment since a good part of a new home would be dedicated to the business. Or is that possible sure

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Mike-USACPA

President

84 satisfied customers
Are you a real person? Ok Can I ask you my question? I am a

hi are you a real person?JA: I'm an assistant to the Accountant. I work with them to help customers like you.Customer: Ok Can I ask you my question?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I am a UK company that sells online in USA. I registered for an EIN number and got an 1120f. A US accountant says I just need to let them know that I pay taxes in UK. It sounds very straightforward but they want to charge me $1500 for this - it sounds like little more than 15 minutes work.JA: Is there anything else important you think the Accountant should know?Customer: I don't think so

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Robin D.

Vocational, Technical or Trade School

25,662 satisfied customers
What is the cost in receiving an answer to a 401K query for

Hi what is the cost in receiving an answer to a 401K query for non US citizen non-resident?

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Chad CFP ®

Certified Financial Planner(R), Pro

Master's Degree

368 satisfied customers
I'm a grandfather Who has raised two of his older

I'm a grandfather Who has raised two of his older grandchildren for the last two years the parents count the deduction but they asked me to go ahead and count the earned income credit because I've been taking care of them, is that something that can be counted on my income tax. For some reason they have not filed the earned come on them, something about their income that it would not do them in a good.

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Lev

Retired

Bachelor's Degree Equivalent

25,432 satisfied customers
Second opinion] Just found out how much I will owe IRS for

Second opinion] Just found out how much I will owe IRS for living off of 401k after losing my job...I had to pay my mortgage and car payments and health premiums, Is there any deductions that can help and I can't even afford to pay IRS now since I can't find a job at 58.JA: You just pay a $5 deposit now and the rest only when you get a reply from the Accountant. All of this is 100% satisfaction guaranteed, so you can get a refund if you're not happy for any reason.Customer: Where do I pay?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Not sure...just got off phone with H

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Arthur Rubin

Doctoral Degree

1,892 satisfied customers
My ex-wife and I have joint custody of our two sons. In

My ex-wife and I have joint custody of our two sons. In divorce degree it states she claims on and I claim one. Our divorce was in 2014. But she claimed both children. We have equal time share and we provide equal support. How can I fix this and file my taxes.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: Only that she claimed she had them more but that was because I had to go to training for my job for five weeks. It was not a volunteer basis it was a have to so I could keep my job.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,196 satisfied customers
Thank you for this oppportunity. I need a 2nd opinion. I

Hi, thank you for this oppportunity. I need a 2nd opinion.I sold an investment vacant lot (owned it for 15 years) and made a profit of $345KI read in the IRS regulation, that we will not have to pay capital gains because our joint filing income bracket is 15%. Are we missing something here? Is it possible that the IRS will add the profit to our ordinary income and put us in a larger bracket? Help!Margy

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,196 satisfied customers
I have a single member LLC that owns a working interest in a

I have a single member LLC that owns a working interest in a oil well (salt water disposal well) and the loss reflected on Schedule C primarily from depreciation has not been allowed by an IRS agent-who claims that the activity is passive because a SMLLC has limited liability-Is that correct?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: my email is***@******.***

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PDtax

Owner

Master's Degree

8,048 satisfied customers
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