Unanswered Tax Questions
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Californian working in Poland
I have been in Poland since April of 2021 except for a three month visit back to California at the end of 2022. I have a temporary residence card, a work permit, and employment in Poland. In California, I have a parents address listed as my own for mailing purposes but I have not been there. With this new job in Poland, what forms do I need to file and will I be double taxed for income I make in Poland? Are there any issues with having a mailing address in California?
Asked Thursday, January 04, 2024 by Cody R.Sign in to Answer
1099 NEC
I have a freight broker business. I pay carriers. I need to send 1099 nec to non corps. My question is do we file 1099 with irs just for non corp or for every payment over $600 dollars whether it is corp or non corp?
Asked Wednesday, January 03, 2024 by gary s.Sign in to Answer
Small business inquiry
Hi, I just started selling on Ebay, I reside in Ontario. I made around 100 to 200 CAD in total sales last month with little profit around 20 CAD. I was wondering if I should register my ecommerce business? and does registering give me any benefits such as GST/HST exemption on sales or business related purchases? Thank you.
Asked Wednesday, January 03, 2024 by Omar K.Sign in to Answer
llc holding company in new york and want to operate business in another state
hi I have created an LLC in New York but I want to do work in Nebraska how do I form a company in Nebraska and protect myself from lawsuits because I plan on expanding into other states and not have to sign up for another EIN in Nebraska
Asked Wednesday, January 03, 2024 by joe g.Sign in to Answer
INCOME TAX RETURN
I moved to Maryland from California 10/2023. I'm wondering if I need to find a CPA in Maryland to file my income taxes.
Asked Tuesday, January 02, 2024 by Lisa S.Sign in to Answer
Parent subsidiary tax question
I have an LLC that only does online sales like Amazon and Poshmark. I am about to start a new LLC that does litter pick up for commercial properties . I want to make my current LLC the soul managing member of my new LLC.. My question is can I pay my self directly from the subsidiary? Or do I need to pay the owning LLC first. Then pay me through that? Would the income be double taxed once as income for the subsidiary second as income for the parent company?
Asked Saturday, December 30, 2023 by Randy D.Sign in to Answer
Unrelated Business Income for a Church
Looking for advice on how best to setup tracking/record keeping/filings of unrelated business income for a 501(c)(3) organization. This is something we have not dealt with before. Thanks
Asked Friday, December 29, 2023 by Mike S.Sign in to Answer
MLP K1 Nonresident State Taxes
I have mlp k1's that have a state schedule. I am unsure if I have to file a return in multiple states that I do not reside in. Is their anyone I can talk to about this issue?
Asked Friday, December 29, 2023 by Lucas B.Sign in to Answer
What should I do with left over money from S Corp?
The left over money from the S-corp after payroll and expenses is roughly 25% Do I file 1120S & Sch K1 and move the money into my personal bank account and call it Distributions? If I need money for my business account do I move it back and call it Capital Contributions? or do I leave the money there and pay taxes and call it Retained Earnings? What's the best practice here?
Asked Thursday, December 28, 2023 by Shun T.Sign in to Answer
What taxes do I have to pay for my LLC formed in Wyoming?
Hello, I am a non-us citizen and reside outside of usa. I want to form an LLC online in Wyoming (an online apparel store). What taxes will I have to pay? Will I have to file tax reports to the IRS? Thank you.
Asked Thursday, December 28, 2023 by wolf w.Sign in to Answer