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» Recent Tax Q&A
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Paint101
S-Corporation
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Limited Liability Company
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Estimated Taxes
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[email protected]
Capital Gains
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Sole-Proprietorship
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Sole-Proprietorship
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Counterfeit Money And Documents For Sale([email protected])
Apr 04, 2017 - 8:14 AM - by jamesrawlings973
Warmest greetings to everyone . Take the chance now to become rich thereby being able to pay your tuition fees and still have some money to buy school stuff, clear off your loans, hospital bills, utility bills and all other bills. Take your time to read this post/article before you buying from us.

We are Professional IT technicians and we produce SUPER UNDETECTED COUNTERFEIT MONEY for all currencies. Our notes are industrially and professional produced. We use quality foil paper... [Read More]
"2011 return never received" (?)
Mar 05, 2017 - 4:04 PM - by bettes48ibew
A few years ago my wife and I had separated. It was time to file taxes for 2011 so I filed as "married filing separately" as I had no paperwork or information from her for a joint return. Meanwhile for 2011 she did not file at all.

Years later we were back on good terms and for financial reasons we adjusted 2011's year's filing status to "married filing jointly" instead of "married filing separately" using form 1040X. (Since technically we were... [Read More]
What are the rules regarding Foreign Bank Accounts?
Dec 04, 2016 - 5:36 PM - by TaxGuru
Here are the new the "New Rules regarding Foreign Bank Accounts."

1. Does the taxpayer have a foreign bank account? Was the balance in the account(s) greater than $10,000 total? If the answer is yes to both, then the taxpayer would need to file what's commonly referred to as an "FBAR," a foreign bank account reporting form.

The new name is FinCEN Report 114, FinCEN being an acronym for Financial Crimes Enforcement Network.

... [Read More]
How to handle removing Excess Contribution from IRA
Nov 24, 2016 - 9:20 PM - by ajaykumar
I am little confused and don't see any clear guidelines how to handle the situation. i am filing taxes online for many years.
So here is the situation -

In 2013, i moved my previous employer 401k ( i worked till 2008 for that employer) to Regular IRA and received form 1099-R with Distribution Code 'G' for $5000.00.

But this months (nov 2016) received a letter from my previous employer stating there was error in calculating before tax amount and i should ask for... [Read More]
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