TaxConnections

Login | TAXPAYERS | TAX PROFESSIONALS-START HERE
Ask Tax Question
I Am A Freelance Writer Looking To Set Up An LLC. I Heard That Setting Up A Corp In A State Like Nevada Is More Economical And Less Redtape....
User Photo Wray Rives CPA CGMA
Tax Professional Level: Tax Enthusiast

Setting up your LLC in another state will not allow you to avoid CA tax as long as you are a CA resident and plan to conduct your freelance writing business from CA. If you want to set up an LLC, then you may as...   Read More
What Is The Penalty Tax For A Small Business With Ten Employees Who Cannot Afford To Pay For Obamacare? Are There Any Exemptions I Should...
User Photo William Keats
Tax Professional Level: Master Tax Advisor

The exchanges should be established early 2014. Effective for months beginning after December 31, 2013, employers with at least 50 full-time employees must offer health insurance coverage to its F/T employees or...   Read More
What Are The Benefits Of Incorporating In Delaware If I Am Operating Out Of Another State?
User Photo Wray Rives CPA CGMA
Tax Professional Level: Tax Enthusiast

From a tax standpoint there are none, it is in fact a negative because you will need to file a Delaware franchise return and will also have to register in the state where you actually operate and file and pay taxes...   Read More
What Are The Benefits Of Incorporating In Delaware If I Am Operating Out Of Another State?
User Photo William Keats
Tax Professional Level: Master Tax Advisor

Your own state may have more strict rules and regulations for corporations, and higher tax rates, than Delaware. Procedures for incorporation in Delaware are more simple than most other states. The right to...   Read More
I Have An Opportunity To Work In Hong Kong And Am Wondering How My Compensation Will Be Taxed?
User Photo Robert Ferguson
Tax Professional Level: Tax Enthusiast

As a US Citizen you have the opportunity to pay no US taxes. Primarily, if you are out of the country for a full year there is little or no federal or state income tax owed. The best way to understand what is and...   Read More
A Friend Told Me That I Can Write Off My Service Dog. Is That Really True?
User Photo Robert Ferguson
Tax Professional Level: Tax Enthusiast

Probably. If the animal is associated with a health issue then it would be a medical deduction and subject to the 7.5% limitation of gross income before being able to deduct the animals costs. But the dogs costs...   Read More
At What Age Are My Children No Longer A Write Off On My Individual Tax Return?
User Photo Robert Ferguson
Tax Professional Level: Tax Enthusiast

18 or 24 depending if they are attending college and you paying for it or signing the FAFSA forms associated with the student loans. If the child is disabled the child could be a dependent for life. If they are...   Read More
User Photo Chuck Heyde, CPA, CGMA
Tax Professional Level: Tax Wizard

There is a lot to it. Here are some summaries: http://gemms.us/fbar http://www.gemms.us/blog/last-chance-for-fbar/ http://gemms.us/foreign-financial-assets Chuck Heyde, CPA Expatriate Tax Specialist www....   Read More
User Photo William Keats
Tax Professional Level: Master Tax Advisor

Basically, you can deduct Salaries and wages (other than Partners), Guaranteed payments to partners, Repairs and maintenance, Bad debts, Rent, Taxes and licenses, Interest, Depreciation, Depletion (except oil and...   Read More


Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

 

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