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Can You Tell Me What The Sales Tax Rate Is In California?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

The state-wide rate is 7.25% but cities and counties often add an additional local option tax of varying amounts.   Read More
Accountable Plan For S Corporations / LLC's Question: I'm Looking To Consult With Someone With Allot Of Experience Putting These In...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Although I do not have a great deal of experience in putting accountable plans together, this article I wrote on accountable vs. non accountable plans might be of benefit. Business Expenses: Accountable vs. Non-...   Read More
If I Am Behind With Filing My Tax Returns As An Expat Who Has Lived And Worked Outside The US For Over Twenty Years And Has Never Made Over...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

First of all, I am not certain what $85,000 threshold you refer to. The Foreign Earned Income Credit is now $102,100 that is what \you are making reference to. If you have paid into social security your delinquent...   Read More
Do Skin Care Products Count As A Tax Write Off For Military?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

No. Sunscreen or other skin care products available over the counter are not deductible tax items. If a prescription medication, they would be deductible as medical expense.   Read More
Hi All, I Was Wondering If Someone Could Get Me A Hint Whether Or Not I Am A Non-residential Alien Or A Residential Alien In The US....
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

You are a residential alien if you meet the substantial presence test. To meet this test, you must be physically present in the United States (U.S.) on at least: 31 days during the current year, and 183 days...   Read More
What Is The Rate Of Income Tax Paid In Canada?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

In 2017, the basic rate for individuals begins at 15% for taxable income up to $45,916 and escalates to 33% for taxable income over $202,800. Capital gain rates are 7.5% to 16.5%. In addition, each province/...   Read More
I Have A Few Questions About Unrelated Business Taxable Income. Is There A Legal Setup Wherein A 501c3 Charity Can Receive The Majority Of...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

A 501C3 can lose its tax exempt status if it has an excess of UBTI.. There are no hard and fast rules, but one organization lost its tax exempt status when between 29 and 35 percent of all revenues for consecutive...   Read More
If I Live In The U.S. And I Work In Mexico Do I Owe Any Income Taxes?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

It depends on your level of income. Any earnings that you receive from working in Mexico would be subject to income tax, just like any domestic earnings. However, if you pay Mexican income tax, you may be able to...   Read More
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DO I FILE 2 SCHEDULE CS
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Yes, since you had a change of entity, file two Schedule C's. Depreciate the assets on both schedules, taking one half of the year for each.   Read More
0 0 1099-MISC
Necessary To Prepay Tax To IRS For A 70K Roth Conversion I Did In Feb 2017? Married. AGI In 2016: 91K - Fed Tax: $6,200 $3K Refund...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

There are three safe harbors that will allow you to not make an estimated payment. 1) You owe less than $1,000; 2) You paid in an amount equal to the prior year's tax, or 3) You paid in 90% of this year's liability.   Read More

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