Unanswered Tax Questions

Personal Taxes

Calculate 401k contribution limits.

I make 420k annually, 300k from W-2 job and 120k from self employed LLC business. How much total can I contribute to 401k with goal of maximum tax savings??

Personal Taxes

Partner is a F-1 visa holder and haa not filed for taxes yet

Hi I am contacting on behave of my partner about some taxes relating to his f-1 visa. Supposedly he has not filed for the last 2 years since he was unaware he was supposed to. He is not working, has no income, only here for his university at the moment, and his grandparents from Taiwan are the ones funding his schooling so no loans. The IRS has never reached out to him and I'm now not sure if he is still required to even do so. I had him get the documents ready but want to know if he still has to file them regardless.

Tax Forms

NC e500

I am a small artist and I'm behind on forms I didn't know would not be taken care of by H&R Block. I've never done this before and I'm not even sure if registering for Sales & Use Tax was necessary anymore.

Personal Taxes

Roth IRA with no income

I lost my job this year but I used 1k from my saving to invest in a Roth IRA. Would I get penalized for it during tax season since I invested without having a job.

Tax Filing Tips

How much do i have to pay for live streaming

How do I know how much I have to pay for live streaming and how much do I have to make before I have to pay, I live in Texas.

Miscellaneous

Lithuanian Charity wants to use US Crowdfunding site for donations - will it be taxed?

I am an American that volunteers with a Lithuanian charity whose efforts support war victims in Ukraine. Since it is not American and thus not a 501c3, we can't post as a non-profit on crowdfunding sites (specifically GoFundMe). If I were to post one where the proceeds would go to the charity, would I be taxed on the donations?

Home Ownership

Tax Implications of Being Added To a Home's Title

If I live in a home with my life partner (unmarried) and she wants to put me on the title of the house, what are the tax implications of that in Utah?

Miscellaneous

Estimated taxes rental.property sale. Purchased 1974 for $23,k selling for $500k claimed depreciation

Payments and Penalties

401k buy out

Will I have to pay taxes if I’m bought out of my current home with them using their 401k money. The amount is 100,000

Nonresident Tax Issues

Inquiry about Tax Obligations for Wyoming LLC and Australian Online Business

Hello three, I recently applied for a Wyoming LLC. I live in Australia and intend to operate online businesses, such as dropshipping. I believe that anyone starting an online business in Australia needs to have their ABN (Australian Business Number) and GST (Goods and Services Tax) applied to online business invoices at a rate of 10%. Thus, my question is whether I have to pay any taxes here in Australia or anywhere else. If not, how should I proceed, like what contact details should I use for the company, and is this approach legal? Additionally, if I encounter any problems, whom should I reach out to for assistance?