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Are LLCs Subject To Self Employment SE Tax?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

That depends. If the LLC is taxed as a sole proprietorship or partnership, the amount of profit is subject to SE tax. If it is taxed as a corporation, there is no SE tax, but you must pay yourself a reasonable...   Read More
Withdrew 7500 From Roth IRA Temporarily. Put Max Of $5500 Back In. Can I Put In The Remaining $2000 In Because I Am Married Filing Jointly?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

If you replaced the funds withing 60 days of withdrawal, you are allowed to treat the entire $7,500 as a rollover. If not, you can contribute $5,500 to your Roth and $2,000 to hers - assuming that you both meet the...   Read More
I Bought A Stock On 3/14/17. They Were Bought Out In January. All Cash. I Received A Tender Offer E-mail From Fidelity Early Today. The...
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Unfortunately not. This is a transaction over which you have no control. It will be a ST gain or loss.   Read More
User Photo Alan Smith
Tax Professional Level: Tax Enthusiast

If an annual summary was received from an out-of-state retailer, they didn't collected sales tax. The notice is letting your clients know Use Tax is due and the amount of untaxed purchases to include on their...   Read More


Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

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User Photo Peter J. Scalise

New York, New York, USA

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User Photo John Dundon, II EA

Denver, Colorado, USA

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