TaxConnections

Login | TAXPAYERS | TAX PROFESSIONALS-START HERE
Ask Tax Question
One Of My Clients Is Interested In Starting A New Business. He Asked Me To Help Him Start That Business And/or If I Knew Of Any Federal...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

I would suggest the state Small Business Development Center or the local SCORE chapter. Although these are not loan sources, they can advise him and point him in the right direction. He could also check with the...   Read More
International Trade Is Being Discussed At Many Levels In The Federal Government, The States, The International Community, And In The...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

There are a host of sources. One is simply to subscribe to business magazines and read them. Read online blogs about international trade. Find college courses - either online or in the classroom. MIT has an open...   Read More
If W8BEN Has Been Filled By The Foreign Owner Property, Income From Rental Property Still Get Tax Withold. Is That True? What Are Their...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

A W-8 BEN msut be filed by a nonresident alien who is the beneficial owner of an amount subject to withholding, or if you are an account holder of an FFI documenting yourself as a nonresident alien. If you are the...   Read More
0 0 1042s
If I Submitted My Taxes Already And Expect A Refund, What Is The Quickest Way To Get My Refund?
User Photo William Rogers, CFP, MBA, EA
Tax Professional Level: Tax Enthusiast

The fastest way to receive a refund is to electronically file your tax return and request direct deposit for your refund.   Read More
Do I Owe Taxes To CA If I Moved To Tennessee In July 2013 And Took A Lumpsum Cash Out Of My CalStrs Retirement In Late September 2013 While...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Under Federqal law if you are not a California resident you cannot be subject to CA taxes once you are no longer a resident of the state. The funds were withdrawn after you moved from CA and should not be subject...   Read More
I Have A Client Who Owns A House In India. He Was To Take The Interest Of That House Off His Tax Return. My First Question Can He Do This?...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

If the interest expense is for payments on a mortgage on the home, and the home qualifies as his second residence, it is deductible as mortgage interest on Schedule A. If it is not his residence but is an...   Read More
0 0 Deduction
When Preparing Donor Statements - Should The Recipient Be An Individual Or Household?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

There is no hard-and-fast rule. Generally, it is preferable to prepare the statement by taxpayer. Thus in a family unit, a statement woud be issued to husband and wife. If any of their children give, a separate...   Read More
If Your Claiming Your Dependent And They Work Also Could You Put There W2 On Your Return?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

No. You cannot put a dependent's income and expenses on your return. He or she would have to file their own return, not claiming their dependency exemption. If you could, you wouldn't want to do it since you're...   Read More
0 0 Form 1040
What Are The Tax Implications Of Making A Seed Investment In A Startup? As They Raise Money And The Valuation Increases Or They Merge Or...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

There are no tax implications of investing in a company. The amount of your investment is your basis for gain or loss when the investment is sold. In the event of a merger, buy out, or conversion of the investment...   Read More
I'm Doing My 2016 Taxes, And I Didn't Have Health Insurance For All Of 2016. There Is An Option On My Tax Return To State That I Couldn't...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

You should \complete Form 8965 to determine if you have any exemptions, including not being affordable. If you claim an exemption that yo do not qualify for, you could be subject to penalties for filing an...   Read More

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Log into Tax Connections

Not a member?    Register Now For a Free Account
I've forgotten my password
Contact Us Today