Iâm aware of this post, but I am snowed under now with the workload from the upcoming tax season and I am not able to prepare a response to this...
Hi Boomer: This needs to be my last post on this thread. Iâm bogged down with the workload from the upcoming tax season, so I am not able to...
Boomer, stand by. I'm tied up with overdue projects. I'll try to reply to your follow-up tomorrow.
Hi Boomer: Letâs take the easiest part first: Yes, you can pay medical insurance premiums for yourself, spouse and dependents as a...
I'm not a securities law expert, so I'm not the best guy to tell you where the lines are drawn between activities that do require a SEC license...
It sounds to me like what you really want to do is form a new partnership (LLC) between yourself and the S corporation. Then each of you...
Iâm always concerned in questions like this that I may not fully understand the facts. I will assume that you are a 100% owner of the S...
You need to have at least two members in the LLC, otherwise it is treated as a "disregarded entity" by the IRS--in which event it is a sole...
Hi I Missed the Boat: No, I think you may have misunderstood my posting. I did not mean the LLC route will not work to generate earned income....
To Aaron: I certainly think you gave a good and correct answer to the basic question asked in the original post. Your own follow-up question...
The complex part of your question is the tax treatment of non-residents. The reasons it is so complex are that the rules vary based upon (a) the...
Stand by. I'm aware of the original posting. There are many complicated issues, exceptions and qualifications involved in the questions...
Iâm not sure the 20% substantial understatement penalty applies in the context of somebody whose only goof was that the person did not pay their...
The IRS imposes an addition to tax equal to the interest that would accrue on the underpayment for the period of the underpayment. The interest...
Phoenix Rising is right on with his answer. Commissions paid on the purchase of securities are not deductible; rather they are added to your...
Hi RCMâ The insurance providerâs position would come as a shock to Congress, the IRS, the federal courts, lawyers and accountants...
Hi tOylandâ First pointâdonât completely dismiss the possibility that you might still qualify for trader status. One does not have to be...
Both Vhehn and TheStudent have given you good advice. A CRT sounds deceptively simple and attractive, but it is expensive to set up and to...
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