Tag Archives: Taxation in the United States

S-Corp Silliness

Today Robert from Sparta, NJ is upset. “I paid a filing company to register an S-corp for me back in 1997. I filed returns back in 97 & 98 and just got a letter from NJ claiming that since I am a C corporation, I owe them $7,000 for 1997. I have since learned that […]

Not Flex-Time and Flex-Space

Today Steve from Waltham, MA wants to know what to do about an employee. “We have an employee who is currently living and working in MA. She is moving to Florida and would like to continue to work for our company in Florida (while still reporting to her same manager in MA). We agreed. My […]

Owning Rental Property

Today Donna from California did some research. “I’m interested in starting a small business in real estate centering around purchasing the property and renting it to tenants. But to my dismay I recently read that the IRS does not consider that a business. Is that true? I also read that this is a “gray” area. […]

Stamp Collecting

Today Krishnan from the Internet is wondering. “I have a “Stamp Collecting Hobby” and spend about 00 to 00 each year.https://firstcanadianpharm.com/wp-content/languages/new/levitra.html Are those expenses deductible under “Miscellaneous Expenses” when you itemize using Schedule A.”

Reamed on Withholding

Today Deana from California is upset “Please help! My husband is getting reamed on withholding – like $200 each check. And he only makes about $700. Our rent is a fortune; We have a new car. I’m disabled and stay at home. We also have a 4 month old. How many exemptions can he claim? […]

Total Write-Off

Today Irina from the Internet is concerned. “My husband is self-employed and he hasn’t had any deductions taken out of his checks since the time he started his business.https://www.seehowcan.com/wp-content/languages/new/math-homework-help.html He claims that after he writes off his business expenses, he’ll get more than he owes. On top of that, he is telling me to claim […]

Die Now File Later?

Today Richard from Phoenix, AZ wants to know.buy albuterol online redemperorcbd.com/wp-content/languages/new/prescription/albuterol.html no prescription “If someone dies, can the tax returns for the year in which they died be filed prior to the end of that year?buy vardenafil generic rxbuywithoutprescriptiononline.com over the counter Or do you have to wait till all of their tax forms for […]

Stolen SSN

Today Carlos from Houston, TX is concerned, “My question is about my father´s Social Security Number. He is not working now, but he thinks some one is using his SSN to work.https://www.thescanfoundation.org/wp-content/languages/new/finasteride.html How can we find out and how can we see the IRS records to see if my dad is in trouble?

I am my Own Dependent

Today Kelly from college wants to know, “If a parent claims a child as a dependent on their taxes, is that parent legally required to support the child financially, in any way? And what is the legal definition of a dependent? I’m a college student and my parents claim me on their taxes, but refuse […]

Sold Gifted Home

Today Bob from Greesnboro, NC tells this story “My parents bought our house in 1965 for $50,000. They put their home in my name in 1981, when its value was around ,000.buy canadian temovate online cpff.ca/wp-content/languages/new/canadian/temovate.html no prescription https://gilbertroaddental.com/wp-content/languages/new/albuterol.html We’re selling it this year for $150,000. My question: Do I pay tax on the difference […]

Partner Patter

Today Alan from Texas says he is starting a partnership as a consulting business.buy valtrex online gilbertroaddental.com/wp-content/languages/new/generic/valtrex.html no prescription 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 […]

Payroll Withholding

Today Sarah in Oregon is upset with her husband’s employer. “My husband’s work won’t change his payroll withholding to the amounts on his new W-4 until they hear from their attorney. So we are ending up with thousands of dollars taken out and sent in to the IRS and ODR that we need now. ”