All Questions
13
questions
1
vote
2
answers
295
views
Built a house on property. Florida residence when can we sell the property and avoid fed capital gains?
Sold primary house in 03/2021, and then bought land in 05/2021, address assigned same month. Lived on the property in RV. Built a house on the property. Florida residence, when can we sell the ...
- 21
1
vote
1
answer
63
views
Tax nexus for remote working
I currently work for a company based in Florida. We sell merchandise and entry to sporting events in many states including Arizona.
If I work remotely from Arizona, will it trigger a tax nexus?
- 113
0
votes
1
answer
55
views
Reporting corporate expenses beyond income beneficial?
Out of curiosity, is it necessary to continue reporting expenses beyond the annual income, for tax reasons? Or is it okay to stop once the expense amount is equal to or more than income amount?
For ...
- 286
2
votes
3
answers
203
views
Leaflet claiming tax credits for being a barber, Uber/Lyft driver, cook, and other jobs. Or is this some tax return scam?
While shopping at a nearby Walmart, someone had placed a leaflet on my car door that looked like in the image linked at the bottom of this question (I removed the contact details section from the ...
- 123
2
votes
1
answer
654
views
Am I paying taxes on my electricity unnecessarily?
I live in Tallahassee, Florida where everyone gets their electricity from Talgov. I recently looked at my utility bills and realized my electricity charges were about 10-11% larger each month than I ...
- 661
2
votes
0
answers
470
views
Tax rates when C-Corporation pays salary to the owner who is non-US resident & non-US citizen
I am non-US resident and non-US citizen (i.e. NRA, nonresident alien). I would like to open C-Corporation in Florida. I would be the only owner and shareholder of the C-Corp.
I know what are the ...
- 21
0
votes
2
answers
72
views
How can I recover Form 8582 needed for this year tax?
How could I recover a copy of my Form 8582 from last year (needed for this year) for the state of Florida?
My accountant that did my taxes is not being helpful and does not reply to my messages. He ...
3
votes
1
answer
98
views
Help Needed with scenario: Live in Florida / travel to New York what is my Tax Home, etc
My profession is licensed by NYS and I own my own business (LLC in NY). I have been afforded the following opportunity:
Most of the money I earn are from municipal sources (1099) for services I ...
- 39
1
vote
1
answer
110
views
How do I file for an LLC in Florida?
I own multiple mobile apps and currently live in NYC. Each app is under it's own LLC single-member which is me. However, I am sick and tired of paying a leg and an arm in NYC taxes. Local + State ...
- 41
5
votes
2
answers
34k
views
Live in Florida & work remote for a New York company. Do I owe NY state income tax?
I have been down in Florida for the past 3 1/2 years and continue to pay New York state taxes out of the money I earn for a company I work remote for that is in New York. Should I be paying New York ...
- 51
3
votes
2
answers
436
views
LLC v. W-2 Taxes when filing in Florida
I'm considering working as a contractor in Florida.
Currently I'm a W-2 contractor, but considering a Corp-to-Corp contract since it's a higher rate.
Just now I read Florida's Tax Page - http://dor....
- 31
1
vote
1
answer
556
views
What is the average cost of a LLC tax return and what it entails? (FL)
I want to understand the cost associated with complying with yearly maintenance of a Florida LLC.
This answer outlines some of the costs, but does not specify what is required
- 5,825
3
votes
3
answers
17k
views
Lump sum annuity distribution -- do I owe estate tax?
I recently inherited an annuity, and I am considering taking a lump sum distribution. I thought I had the income tax situation sussed out, but then I stumbled across mention of a possible estate tax. ...
- 133