Unanswered Tax Questions
CPAs - answer tax questions, and introduce your practice to potential tax clients.
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Can I sign tax return for daughter living outside U.S.?
IRS requested original signature but it takes months to get anything to China and back. If she gives me written permission, can I legally sign her tax return for her?
Asked Tuesday, August 29, 2023 by Anne A.Sign in to Answer
Owning two homes in different states
I currently live in Oregon and am planning on buying a 2nd home in TN. I want to move my residency to TN for tax purposes but want to keep my Oregon home. What are the requirements for TN residency and what are any other implications you foresee?
Asked Tuesday, August 29, 2023 by Steve K.Sign in to Answer
Foreign LLC Taxes
Hello I want to create LLC in USA but iam confused between New Mexico and Montana state I create LLC to get bank account and payment gatway for my business Iam non resident in usa, iam Egyptian My business sales in middle east only and all my customers is from middle east, have no business or sales in US I will only use USA payment gateway and online banking Iam asking about taxes which i must pay every year? And which state will be best for my from point of taxes I heard in my situation it will be zero taxes is that right?
Asked Tuesday, August 29, 2023 by Ahmed A.Sign in to Answer
Sales Tax on Wedding venues in Oklahoma
Does Oklahoma require sales tax for wedding venue rental? I haven't been able to find this information anywhere.
Asked Monday, August 28, 2023 by Scott M.Sign in to Answer
Payroll
I've been paying myself on payroll, I've done it as a sole proprietor and now that I have an LLC and file a 1065. The new accountant I'm working with says I'm not supposed to be doing that. Is this accurate? What are my options going forward? Will I be penalized?
Asked Monday, August 28, 2023 by Randall N.Sign in to Answer
EIN
Hi, I am trying to transfer my sole proprietor single member LLC to my father. Currently I own it and operate it alone but would like to transfer the ownership 100% to my father for $0. Currently the company has an EIN my question is how do I advise the IRS that I am no longer the responsible party does he need to apply for a new EIN? What paper/forms do i need to make this transfer
Asked Monday, August 28, 2023 by Pierre G.Sign in to Answer
taxing a small business LLC
I'm looking to start a small business for contractors. I've being seeing something about taxing a LLC as a S Corp or being taxed as an individual if I'm understanding correctly. I would like to know the proper way to set up taxes in regards to my future LLC before jumpiing into it.
Asked Monday, August 28, 2023 by Raymond D.Sign in to Answer
Inheritance question
I am the executor of my fathers will. Everything is straight forward, other than he has a stipulation that any body under 21 doesn’t get their portion until they turn 21. What is the best way to go about doing this as it will take 1-6 years for the younger ones to get their inheritance. And we don’t want it just sitting in some bank account making .5% APR when we can throw it in a cd and have of make 4-5%. Thanks!
Asked Monday, August 28, 2023 by Aaron G.Sign in to Answer
W4 form
I need help filling out W4 form with multiple jobs
Asked Sunday, August 27, 2023 by Melissa C.Sign in to Answer
Tax filing
How can I get help filing my 2022 tax return?
Asked Saturday, August 26, 2023 by Susan S.Sign in to Answer