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Recent Taxing System questions

Tax notice: I have to I-File SD 100 online @ Ohio Department

Tax notice :I have to I-File SD 100 online @ Ohio Department of Taxation but I have no W2 or 1099 form because I have foreign income, so I don't know how to fill it out , because a note that I may charge penalties for not filling please for you help and advice.

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taxmanrog

Master's Degree

1,184 satisfied customers
I have an investment that is now paying me quarterly

I have an investment that is now paying me quarterly dividends. I received $40k in Jan and $90k in April. My job also pays me about $200k gross a year. Do I need to report and pay any estimated withholding on the dividend income?JA: The expert will know how to help. Is there anything else important you think the expert should know?Customer: no

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
Second opinion] A non-resident company sells shares of a

second opinion] A non-resident company sells shares of a Delaware corporation. Would the capital gain be taxable in the US, provided that no US resident is behind the non-resident company? What is the Act where such taxation or non-taxation is stipulated?

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Matthew Breecher

President

MBA (Graduate Legal Studies)

360 satisfied customers
I just finished my MBA and I got my EAD card (OPT status). I

Hello, I just finished my MBA and I got my EAD card (OPT status). I would like to start working as freelance (related to my studies). I would like to know how do I invoice my clients correctly/ who should I contact to have informations about the tax system in US? Thanks

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
I have inherited two IRAs from my sister. I am the sole

I have inherited two IRAs from my sister. I am the sole beneficiary on the accounts. They are both traditional IRA's so they are pre-tax. I understand that I can roll them into my own inherited IRA. However, I would like to give half of the money to a brother who was not listed as a beneficiary. What is the best way to do this with the minimal amount of tax liabilty to me.Thank you

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,922 satisfied customers
When a child under 18 is employed by the parent's

When a child under 18 is employed by the parent's proprietorship, the income is not subject to Social security or Medicare taxes. Neither is it subject to self-employment tax on the child's tax. How is that supposed to be entered into the child's tax return so as not to have it rejected or flagged by the tax system?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

5,922 satisfied customers
Are you real? :) Just trying to understand whether I should

HI - are you real? :)JA: No. I'm the Accountant's Assistant. The Accountant will know how to help. Please tell me more, so we can help you best.Customer: Just trying to understand whether I should check Income tax or VAT on Line 9 of form 8802.JA: Is there anything else important you think the Accountant should know?Customer: I'm conducting a service for an org in Spain, and want to avoid their 24% tax. But I don't know which one is appropriate to check - VAT or Income Tax. I'm a contractor, and I'm not performing the work IN Spain, I'm doing it here in the US.

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Matthew Breecher

President

MBA (Graduate Legal Studies)

360 satisfied customers
Robin, I own a home in NC, but worked in the US Islands all

Hi Robin, I own a home in NC, but worked in the US Virgin Islands all of 2012 and 2013. I only had income from the USVI in those years. I was recently notified that I should have filed an NC tax return. I was a full time resident of the USVI and paid taxes there. There was no NC income only expenses related to the house. The house was vacant during that time. Why do they consider me a resident and do I need to file a return with NC for those years?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
I was married in Dec 2016 and I need to know: on the 1040 if

I was married in Dec 2016 and I need to know: on the 1040 if I check box 3 Married filing separatleyJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: does my W2 need to say married or single - and - If I file married filing jointly this year can I change it in another year when I fileJA: Is there anything else the Accountant should be aware of?Customer: because of the illness and death of my father in law my husband worked about 5 months I work as a CMA at a Dr office and make more then my husband

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,492 satisfied customers
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