Unanswered Tax Questions
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Back child suport and garnishment
If someone has had paychecks garnished for years for arrears child support.. and has a new child also..but that persons federal income tax and now their earned income credit for the new child is being taken for arrears payments..where does that money actually go...and who keeps the records? The arrears total never goes down..the child or children live in a different state...that states total is far less than the residing states level by $11,000.00...how can I get help on this matter? $11.000.00 seems to have vanished..thank you in advance for your help.
Asked Tuesday, August 08, 2023 by Jane F.Sign in to Answer
How can I go about dissolving an LLC formed in NYS?
I have an LLC registered in NYS as "VALET FITNESS LLC" and a dba "Toujours Fleurs Naturals" under it... I'd like to dissolve it so I can form a new LLC in Maryland, USA for potential businesses including "Toujours Fleurs Naturals". I have started filling out an NYS document "Articles of Dissolution" and would like to know if I am filling it out correctly. Would it be possible to send you the draft?
Asked Tuesday, August 08, 2023 by Ashley J.Sign in to Answer
Gifting money
What form do we use when gifting money for granddaughter for college
Asked Monday, August 07, 2023 by Patricia R.Sign in to Answer
Filling my own tax returns
Hi. I recently moved to Halifax, Nova Scotia, and I currently hold an open work permit. While in the United States, I worked as an independent contractor for a US LLC. Can I continue working remotely for the same firm in Halifax? If so, how should I declare my Canadian earnings on my own tax return? Thanks.
Asked Monday, August 07, 2023 by Nithya V.Sign in to Answer
Insolvency worksheet for form 982
I received a CP2000 for debt supposedly written off in a prior tax year. Confirming the debt forgiveness aside, I believe we were insolvent but I'm unsure as I've received mixed information on how to represent the home we purchased early that same year (paid down payment, but rest being paid with a mortgage). Two people at the underreporter unit said don't put anything for it under asset, just the mortgage under liability; one person there said only put the equity under asset and mortgage under liability; general search on Google suggests it's an asset based on full market value, as well as the mortgage being a liability. Which is it? Also, if we claim insolvency does that affect anything moving forward? I read something confusing about it affecting future sales of home and/or investments.
Asked Monday, August 07, 2023 by M E.Sign in to Answer
W-9 form info
Hello, my business is registered in Texas but I live in Texas and Florida. I just got married and started renting a home in Florida, and my drivers license ID was changed to Florida. The Florida ID has my new name, and when I went into my bank in Texas and changed my name, they changed my w-9 form to my Florida address to match my ID. Will this change or impact anything related to my business being registered in Texas? Is there anything I should be concerned about? Thank you
Asked Monday, August 07, 2023 by Kelly G.Sign in to Answer
Taxes on CD
I do not work and have zero income. My bank CD yields $60,000. What amount in taxes do I pay if I live in MA? What if I live in NH?
Asked Monday, August 07, 2023 by George J.Sign in to Answer
LLC to sole proprietor on my taxes
How do I change from an LLC to a Sole Proprietor? I want to pay myself and keep the rest in my business checking account.
Asked Monday, August 07, 2023 by Holly D.Sign in to Answer
self employed
Hi If i do a job for a home owner can they give me a 1099 at the end of the year? and if i do a job for a real estate firm like carpentry work can the give me a 1099?
Asked Monday, August 07, 2023 by Steven C.Sign in to Answer
Head of household filing status
Have been filing head of household. Have been separated from spouse for twenty years
Asked Monday, August 07, 2023 by Valerie M.Sign in to Answer