2
votes
3answers
67 views
Indepedent consultant tax question
I am a citizen of Taiwan and worked in US for several years till end of June 2010. Between 1/1/10 and 7/1/10, I was a full time employee in US under the work visa. I left US after …
6
votes
6answers
273 views
Schedule C - Huge Loss
Is there a limit as to the amount of loss I can report on schedule-C?
Opened a business in 2009 - Revenues = $50,000, Expenses = $125,000.
Included in expenses is about $12,000 s …
3
votes
3answers
58 views
Wrong social security number
As an employer found out that since 2005 have had wrong social security number on employee. IRS never notified me of wrong. Employee files IRS every year no one caught it. How do w …
2
votes
4answers
42 views
Personal Benefit Transactions in a Non-Profit
I have a small non-profit client that has been in existence for several years. This is my first year (tax year 2009) with their account. They do have public charity status but it s …
1
vote
2answers
49 views
Self-Funded Health Insurance for >2% S-Corp Shareholders
For a s-corp that provides a non-discriminatory, self-funded health insurance plan to all employees, and requires NO premiums, what are the tax implications for >2% shareholders?
…
4
votes
6answers
520 views
Employer issues incorrect 1099-MISC and now refuses to fix it.
I have a client who worked (as a secretary) for a large real estate agency. She was an employee and received a W-2 but while she was employed she referred some friends who wanted …
4
votes
6answers
214 views
What’s the bottom line tax difference 1099-MISC vs W-2?
What's the bottom line tax difference 1099-MISC vs W-2 without any self-employed expenses or employee benefits?
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 …
2
votes
5answers
53 views
Cash Accounting: Which year to report final check?
I'm a consultant using cash accounting. One of my clients provided me a W-2 that includes payment for my December billings even though I didn't receive or deposit the funds until J …
3
votes
4answers
107 views
Employee typo’d his social security number and W-2 has been issued
Is there anything I should do to rectify this?
I assume that for all intents, provided he still puts the income on his return in the right place, nothing else needs to be done. S …
3
votes
5answers
161 views
One of my clients accidentally filed my 1099 along with a W-2. What should I do?
My client has already filed his taxes, and his payroll system marked one of my checks as W-2 taxed income. This check amount for ~ 10% of the amount I have invoiced him over the p …
2
votes
4answers
189 views
Delinquent returns and (maybe) excessive mileage
I just got a new client. He has 3 years of returns not filed (2006-2008) and also needs me to prepare his 2009 return.
This guy is a plumber. He works for a company and gets a W …
2
votes
1answer
212 views
Form 990, Part VII, Compensation of Officers
My question is two fold.
First, I have officers of a NPO that are paid utilizing a leasing service offered by a payroll provider. The W-2's are issued in the name of the payroll …
