Archive for the ‘Tax’ Category

A web user asks, I didn’t file last year and owe about $500, I plan on filing this year and paying the back taxes, but at the some time I’d like to start and LLC. Can I file to create an LLC and obtain the Tax ID needed to open corporate bank accounts if I owe back taxes? And do I need to provide my SSN in order to obtain the Tax ID?... read more

A web user asks, I worked in canada in Year-2004 for which I received tax return of $3000 in the year 2007 in California,US(where I work now). do I need to file this value as the foreign income while declaring the tax in USA?... read more

A web user asks, If you are Australian and live overseas but own share in Australian companies which pay dividends, what tax is payable on those shares, in the case you have no other income derived from Australia?... read more

A web user asks, What are the tax filing requirements for a final return? A spouse of a friend of mine passed away this year. I believe that last year, they filed under the status of Married, filing jointly. From what I’ve read from the internet and Yahoo Answers (thx!) that she can probably file again as Married, filing jointly. I believe that her husband had a will and named a son (from a previous marriage) as the executor of the will. ... read more

A web user asks, I know it sounds strange, but say someone leases a business and come tax time, their income tax return is filed as an employee. Would it be possible to amend the tax return? Would a business owner via lease be considered an independent contractor? If so, what requirements are necessary to be an independent contractor?... read more