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How Do I File Taxes For My LLC (filed In Nevada)?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

The LLC should have issued a K-1 form to each member. On that form will be the information that you should include on your own personal 1040. Since you have already filed your return, you will have to submit a Form...   Read More
What Form Do You Have To Use To Report A Foreign Bank?
User Photo Maurice Glazer, CEO
Tax Professional Level: Tax Enthusiast

All accounts over $10,000 have to be recorded on Form 114 via eFile called a FBAR. Don't forget to check Schedule B that you have a foreign bank account and what country it is in no matter how much.   Read More
What Form Do You Have To Use To Report A Foreign Bank
User Photo John Dundon, II EA
Tax Professional Level: Tax Wizard

Fin CENN 114 through the BSA efiling system found here -> For more details check out this post -> or...   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

The IRS does not respond specifically to a 5329 unless you have taken the waiver of penalty in error. Line 55 applies only if you did not take the required minimum distribution (RMD) and are paying the penalty for...   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

You can call the IRS at 800-829-1954 and either use the automated system or speak with an agent. If you filed a married filing jointly return, you cannot use the automated systems. The IRS will issue you a Form...   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

I presume you mean the income earned by the independent contractor. That is not effectively connected income as the contractor is not a US citizen or resident and is performing the work outside the United States....   Read More

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