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I Want To Get Free Donations To My Business. Should I Start A Non-Profit Or An LLC Company?
User Photo Caran Ebert, CPA
Tax Professional Level: Tax Enthusiast

Starting a new business is not for the unprepared or faint at heart. My advice is to start small as a sole proprietorship, under a dba (Doing Business As) registered with your county recorder or you can you’re...   Read More
Can Anyone Tell Me What The Best Retirement Plans Are Today? I Am 35 Years Old And Am Confused As To What Kind Of Plan I Should Be Looking...
User Photo Caran Ebert, CPA
Tax Professional Level: Tax Enthusiast

Your best financial plan would be for you to go to a known investment company. There are so many variables investing in a retirement plan that you want to have a Big Name Company that has been in business for a...   Read More
Received A Lump Sum From A Old Pension Plan That Was Terminating. Turned 55 And Reading Form5329 To See If I Didnt Have To Pay The 10%...
User Photo Caran Ebert, CPA
Tax Professional Level: Tax Enthusiast

There are quite a few exceptions to the 20% penalty for taking out money from your IRA or 401(k) plan on the instructions for Form 5329. Here I will explain the meaning of the first exclusion You start by saying...   Read More
One Of My Friends Is A Tax Professional And They Are Sharing Unbelievable Stories About The Tax Penalties For Taxpayers And Obamacare. I Am...
User Photo Caran Ebert, CPA
Tax Professional Level: Tax Enthusiast

Now that employers and insurance companies have to follow the rules. Insurance companies lobbied congress and got a 2 year extension to NOT FOLLOW THE ObamaCare RULES so they have been ripping people and employers...   Read More
What Kind Of Penalty Will I Pay For Not Having Obamacare? Is It Illegal Not To Have Obamacare?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

It is illegal to not have qualifying health care coverage. If you don't have coverage, you will pay a penalty, unless you meet an exception. For 2015, the penalty for not having coverage is $325 per adult and $162....   Read More
0 0 Obamacare
I Had Obma Care Last Year. (gov. Payed) I Am Self Employed. I Est. Income At 12000.00, Only Made 1000.00 After All My Deductions. What Do...
User Photo Caran Ebert, CPA
Tax Professional Level: Tax Enthusiast

If you signed up under your state exchange, you were required to provide a copy of your tax return to the exchange from the previous year. The exchange basically uses your AGI to determine your eligibility. AGI...   Read More
0 0 Obamacare
My Health Insurance Premiums Have Risen A Lot As Of Late. Has The Affordable Care Act Affected This?
User Photo Caran Ebert, CPA
Tax Professional Level: Tax Enthusiast

Have you signed up at your state exchange? If your Adjusted Gross Income (AGI) - last line on the first page of your tax return is under $40,000 your household qualifies assistance. The exchange is the only place...   Read More
Are Social Security Benefits Paid To American Who Is Residing In Israel, Taxable Income In Israel And The US?
User Photo Chaim Wolff, CPA
Tax Professional Level: Tax Enthusiast

Residents of Israel can use the US Israel tax treaty to report the the social security benefits as tax exempt.   Read More
Are Social Security Benefits Paid To American Who Is Residing In Israel, Taxable Income In Israel And The US?
User Photo Caran Ebert, CPA
Tax Professional Level: Tax Enthusiast

Social Security income is added to other income on the tax return in order to determine taxability and there is no tax due on certain income thresholds according to filing status. An American citizen must report...   Read More
If The IRS Form 4549 (Income Tax Examination Changes) Had Calculation Errors, But The Taxpayer Signed Trusting The IRS Computers, What Can...
User Photo Caran Ebert, CPA
Tax Professional Level: Tax Enthusiast

You can ask for an AUDIT RECONSIDERATION. See IRS Publication 3598 which can be downloaded at the IRS website. This is a brochure on the THE AUDIT RECONSIDERATION PROCESS. The brochure contains what an audit...   Read More

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