Today TaxMama helps Peggy from Clarence Center, NY who says. “I am in the process of opening a consignment shop. Do I need to pay taxes on the total amount of sales or just my revenue?
Today Christine from Sylvester, GA is being threatened by her ex-husband. “My daughter wanted to spend a year with her father, so I agreed she could go. In our divorce, I have full custody and he has visitation with child support (1993). She was not happy there and came back home at the end of […]
Today Connie from New York asks, What does “Pass Through Tax” mean? Since TaxMama has never heard that expression, she will explain “Pass-Through Income (or Loss)” or “Pass-Through Entity”.
Today Alan from Texas says he is starting a partnership as a consulting business. He asks, “I understand that estimated taxes will be made on the income that the business makes, but do I also have to pay personal tax on the salary that I pay myself from that income in addition to the estimated […]
Today Mike from Australia has a dilemma – I am a dual US / Australian citizen (Had US parents who immigrated to Australia prior to my birth) who has lived and worked in Australia his entire life. Recently, an opportunity has arisen whereby I’ll be able to live and work in the US for a […]