FAQ Search Results

For IRS purposes, how do I classify a domestic limited liability company (LLC)? Is it a sole proprietorship (disregarded entity), partnership, or a corporation?

Should self-employment taxes be paid quarterly or yearly?

To claim my child as my qualifying child for the earned income credit, must I be entitled to also claim that child as a dependent?

I heard there's a credit for hiring certain groups of workers, such as veterans or ex-felons. Is that the same thing as the work opportunity tax credit?

I received a Form 1099-NEC with an amount in box 1 for nonemployee compensation. What forms and schedules should I use to report income earned as an independent contractor?

I care for my parents in my home. My parents occasionally give me money to pay for their share of household expenses. Is this money taxable to me?

Can a married couple operate a business as a sole proprietorship or do they need to be a partnership?

My father is suffering from dementia. As a result, I must cash his monthly Social Security check and use the proceeds for his care. What are the resulting tax consequences?

How can I check the status of my amended return?

I changed my name and my Social security card shows my new name. I received my Form W-2 and Form 1099 in my former name. How can I get my name corrected?