Taxes General Forum

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Foreign Owned LLC

I ran across something I don't understand and I hope you can help. A non-citizen has a single-member LLC in the US. He'...
3 comments posted 3yrs
posted by spamtrap
3 comments posted 3yrs posted by spamtrap

Contacting the IRS

What's the best way to contact the IRS. It's looking like 'snail mail' is the only viable method. Is there any point in...
11 comments posted 3yrs
posted by nowhere
11 comments posted 3yrs posted by nowhere

Reinvesting most of this year's RMD

I have a taxable account and a traditional IRA at Vanguard. Both have index funds in Vanguard ETFs. For ease of discuss...
4 comments posted 3yrs
posted by the_stan_brown
4 comments posted 3yrs posted by the_stan_brown

LLC for EAs?

I have a question for the EAs out there. Is it permissible for an EA to set up his or her business through an LLC. Here...
2 comments posted 3yrs
posted by spamtrap
2 comments posted 3yrs posted by spamtrap

Is this a wash sale?

Scenario: * Taxpayer has three separate accounts. * Prior to any of this taxpayer has zero shares in XYZ anywhere. * On...
2 comments posted 3yrs
posted by rlcarr
2 comments posted 3yrs posted by rlcarr

Qualified Opportunity Zone Investment

A friend's father passed away and she is selling the inherited house which was used as a rental property. She has 2 sib...
7 comments posted 3yrs
posted by JoeTaxpayer
7 comments posted 3yrs posted by JoeTaxpayer

Mixture of 3 kinds of IRAs

I have a regular IRA a SEP IRA an inheritied IRA from my mother Next year I have to take my first RMD(s). Can I add the...
3 comments posted 3yrs
posted by tydeman.consulting
3 comments posted 3yrs posted by tydeman.consulting

Roth Conversion As A 60-Day Rollover?

For some accounting reasons I would like to do the following, if possible: 1) Make a monthly withdrawal from an existin...
4 comments posted 3yrs
posted by dontspamme
4 comments posted 3yrs posted by dontspamme

Renting an Apartment to Somebody in Switzerland

The following message was posted on another forum that I read: "I am Swiss, living in USA, Permanent Address, Green Car...
2 comments posted 3yrs
posted by nospam
2 comments posted 3yrs posted by nospam

Roth Withdrawals

I am helping my newly self-employed nephew set up retirement plans. Am I correct that: a) You can withdraw contribution...
2 comments posted 3yrs
posted by dontspamme
2 comments posted 3yrs posted by dontspamme

Grants from Nonprofits

When a nonprofit makes a gift within its exempt purpose, is that subject to income tax in the hands of the recipient? Do...
1 comments posted 3yrs
posted by spamtrap
1 comments posted 3yrs posted by spamtrap

Where to download Publication 536 for 2020?

I did a Google search on "publication 536 for 2020". The first result was a link to IRS. I opened that link and got pub...
6 comments posted 3yrs
posted by lmiller
6 comments posted 3yrs posted by lmiller

File 1120?

TP organized as non-profit LLC, filed SS4 and obtained EIN. TP checked non-profit on SS4, but does plan to request deter...
10 comments posted 3yrs
posted by blentz1950
10 comments posted 3yrs posted by blentz1950