Tax Planning: U.S.

Recent Answers

2009-11-07 Tax Law (Questions About Taxes) - Income taxes for co-owned rental property:

Lincoln, Thanks for your question. Since it is not a partnership or an LLC, it is simply a joint venture. Each of you reports half the revenue and half the expenses on Schedule E of your 1040.

2009-11-07 Nonprofit Law - fraudulant use of 501(c)3:

First let me inform you that, if you are representing a competitor, you may be able to sue that organization if they have been using fraud or misrepresentation. As to your specific question, the Board

2009-11-06 Tax Law (Questions About Taxes) - tax treatment of services that may include housing:

Ken, Thanks for your question. First off, under the arrangement you have outlined, he would not be an independent contractor, but an employee. Since he is providing management services and is required

2009-11-06 Tax Law (Questions About Taxes) - Disability Income and FICA Tax:

I can't speak for the insurance company, but my wife is on disability, I have done numerous returns that included disability income and none of them have ever paid FICA tax. I don't have a citation for

2009-11-06 Nonprofit Law - RE Tax reimbursment for a NPO:

Counties sometimes allow real property exemption based upon use and not ownership and that is what you would check with the County tax assessor office. "The state of Pennsylvania does not levy or collect