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Legal & tax

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Today

I've been searching the web and reading through stacks of NC general statutes and can't find anything that helps with the matter so now I'm here looking for advice. This month t...

Yesterday

I have three kids and have included them in some basic property investment education which they have enjoyed. I am looking at buying them a small parcel ($500 each from their ow...
Registered users do not see advertisement I am married, filing jointly. My 26 year old son is filing independently. We are all covered by medical in...

2 days ago

What is the name of your state (only U.S. law)? New York I am married, filing jointly. My 26 year old son is filing independently. We are all covered by medical insuran...
What is the name of your state (only U.S. law)? Montana and North Dakota I am in the process of purchasing a home only to find out an 8 year old state tax lien from ND tha...
What are the differences between being established as an LLC and electing to be taxed as an S Corp, and being established as an S Corp

3 days ago

I apologize in advance if this post ends up a rambling, confusing mess. So, a few weeks ago, I received a 1099-C in the mail. It was for discharged student loan debt. ...
Hi, I have a question regarding filing my tax return this year with my ex. Last year was a rough one for us, and my ex offered to give me his w2 (since the OAG will confiscate h...
So as a small business owner you obviously write off expenses that may not be truly a business expense, cleaning supplies, meals, etc. how would you know what the business ...
What is the name of your state (only U.S. law)? Florida Hello everyone. I am a artist and have created a original illustration of micheal jackson and would like to print i...

5 days ago

What is the name of your state (only U.S. law)? Ohio It's my understanding that back taxes to IRS are not included in your credit report as long as it's less than $10,000 a...
My wife and I have approx. $175K in IRS liens. Our EA (who has been working on our case with the IRS for about three years,) after conferring with our newest RO has suddenly adv...

8 days ago

My shop is a combination of in-house inventory and drop-ship merchandise. I've been accounting for both in the same cost of goods sold and sales accounts. I think this might b...
Hi, I just move to the US in Dec 2016 (around Christmas). My financial institutions requested me to fill either W8 BEN or W9 form. They cannot advise which form I should fill....
Some background - my mom passed away in 2015. My brother lived in her home so she left him a 'life estate' also stating he could stay in the home only if he paid the bills and k...
My mother passed away in December of 2015 and I am the executor of the estate. Early in 2016 I went through the paper work to be appointed personal rep and did all of the notif...
Hi everyone, newbie here to the forum. Glad to be here and have already been reading some interesting threads. Here is my issue: I had two invoices to a company (...

9 days ago

I operate my electronic repair business from NY. I have had many customers drop their device off and then not come and get it. Or they say they will come and get it and they end...

11 days ago

Hello everyone, I had two invoices to a company (customer) last year. One was a direct purchase of candles (charged tax because they were give away items for an event). ...

12 days ago

In 1999 my wife and I purchased our "starter home" in Los Angeles. We sold it last year. Purchase price was $400,000 and the sales price was $1,300,000. It was our primary ho...
What is the name of your state (only U.S. law) Missouri I have never owed child support, never taken a student loan and dont owe back taxes. I always have extra withheld from...
As a small business I am aware that I can use the cash method of accounting and claim my inventory (fabric, threads, beads, etc) as non incidental materials and supplies and not...

13 days ago

What is the name of your state (only U.S. law)? PA Question, In my divorce decree, I am required to pay a settlement. Is it deductible, specifically as alimony? I ca...
My wife and I are purchasing a gym in a few months. I think I want to open it under an S corp for tax purposes. If the business is set up with me as the only owner wou...

14 days ago

Hi, I have been working at a job for about 2 and a half years. The past year, the company started to pay employees commission for sales of accessories at the end of every other ...
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