2
votes
1answer
24 views
Change to Cash Basis
Want to convert a parent (Sub S) and sub (QSSS) to the cash method using Form 3115. Will they qualify for "automatic" under the 3 yr/$10,000,000 Avg. rule if the parent's avg. gros …
1
vote
1answer
19 views
Limitation of NY state income tax owed
Is there a statute of limitation on New York State income tax owed. Taxes were filed but never paid. This goes back to late 80s
2
votes
3answers
47 views
Can a wife be considered as a dependent if she is a Mexican resident and she lived the entire year in Mexico?
How my wife can be considered if she still lives in Mexico?
2
votes
3answers
54 views
Philadelphia wage taxes
I live in New Jersey and work for a New Jersey Corporation, this NJ. Corporation does not have an office in the City of Philadelphia or in Pennsylvania. At times I’m required to wo …
2
votes
4answers
43 views
1983 NY Tax Return
The state of NY said I didnt file my 1983 tax return but for 25 years its the only one they dont havem, thus they found me in Fla in 2010 and levied my bank account for $50K, $5K o …
2
votes
2answers
54 views
Royalty expense/income
I am a single owner LLC and paying a royalty for intellectual property. Where do I claim this expense on my SCH C? And, where would the recipient of the royalty claim the income?
2
votes
3answers
41 views
Tax credit for purchase or new home
I was divorced in 10/2008 and agreed to sign a quick claim deed over to my ex-husband for the house in 12/2008.
We had lived in the house for 14 years.
I purchased a condo on 4/ …
3
votes
3answers
170 views
ESPP ordinary income reported incorrectly on W-2
I have a client who participates in his Employee Stock Purchase Plan which is administered through Fidelity. I have been doing his return FOR MANY YEARS and have tracked his ESPP …
7
votes
10answers
359 views
Is is worth it to hire an accountant or tax preparer to file my taxes?
I've always filed my own taxes, and that's no problem, however I've frequently heard that allowing a 'tax professional' to handle them will likely allow me to pay less taxes and th …
6
votes
4answers
219 views
Form 1065 Question 3b and Schedule b-1
I have an LLC and there are 2 equal owners. Does that mean I have to fill out Schedule b-1 on the 1065 and answer yes to #3b on page 2 of the return? It seems like a tricky quest …
6
votes
8answers
395 views
How much do you charge for tax returns?
I am a CPA. Most of my business is write-up and QB consulting. This is my first year offering tax return prep. Most of the work will be current clients but I am hoping to pick u …
3
votes
6answers
127 views
HELP! - Haven’t filed in years. I’m lost and don’t know what to do!
I haven't filed in several years but now I want to file and get it all straight. What should I do?
4
votes
5answers
47 views
Problem with brokerage statement
I track my clients basis and always make sure that the brokerage statement of supplemental data that accompanies the 1099 agrees with my schedule of cost basis.
For an Employee St …
3
votes
2answers
131 views
Can I claim my foreign wife and son on my USA tax return?
I was married this last year in the Philippines. My wife is filipino and we have a son whom I filed legal papers to make my own. They have never been here to the US and don't plan …
5
votes
4answers
33 views
Income earned from U.S. foundation while overseas - Do they pay tax?
Are there any reasons a U.S. citizen working overseas, earning income from a U.S foundation would NOT pay tax?
