QASIM MAHMOOD, CPA |0||5/23/2019 4:33 PM|
I am working with an estate client. The estate has a running business and it will be passed on to beneficiaries . There are two beneficiaries ( the parents). Both of them non resident and only father has a US visa to come over and close the estate. The mother never applied for Visa or came over to US. I was wondering if some one could guide me with the following questions:
1- This is my understanding that even the estate chose a calender year, a final return will be due within 15th of the fourth month from the month it was closed. Please advise
2- This is my understanding that final K -1 schedule will be issued to both beneficiaries for the income for that period. Please advise
3- Do both beneficiaries need to get ITIN number ? would there be any issue since mother is and never will be in US?
4- is estate representative required to withheld 30% taxes for the final K 1 distribution income ?
Thanks for help
|5/23/2019 4:33 PM||No|
Maicher Yang Her |0||5/6/2019 11:47 AM|
I am looking for someone to help me with Nexus or physical nexus with Ohio.. this will be a pay service.. basic information is below. Call or email me if you can help.. 612-839-1483.. Maicher@maicpa.com
Tax payer is based in MN. They have service contract in Ohio. They have 1099-M individual or companies that performed the service contract. The client did not step in Ohio or has office in Ohio. They found the 1099-M individual or companies by phone call, referral or over the internet. The average revenue is around 10k per year.. this is a past thru entity
|5/6/2019 11:47 AM||No|
Becki Nunez, CRTP,AFSP |2||9/12/2018 2:23 PM|
HI. My name is Becki and I am in the CA chapter. I have a client here who is getting ready to purchase a condo/duplex in Columbus and is looking for a Tax advisor to come along side him and his team to help with tax needs prior to purchasing and then working with him, and myself as tax season arrives.
Please let me know who you have that could fit this spot. He is well versed in Real Estate. Hopefully this will help in getting us to the right person.
Please feel free to call me at 805-296-3890
|Karen Suzanne Shively||11/10/2018 10:22 AM||No|
J David Sietman, EA |1||3/20/2018 5:16 PM|
If the TP has Schedule C income of $5,000, and a Line 29 adjustment (SE health insurance) of $4,000, what is the BUS deduction?
The OH tax dept web site does not show any adjustments to be reported on BUS line 7 for this type of federal adjustment. An email to the OH tax dept a year ago indicated there were to adjustments of this type. Does anyone have anything new about this?
|Valorie Long, EA||3/21/2018 10:42 AM||No|
Jeanne Dillon |1||4/24/2016 8:08 PM|
I have an S-corp with two 50% shareholders. Are their distributions deductible on the Net Profit Tax return for RITA? Both partners happen to live in a township so no income tax is paid on their distributions there.
I am looking at schedule X on RITA form 27 line P. It asks for "other items not taxable" pass thru income.
Please help. I am very confused by this.
|Susan Thomas, CPA||6/30/2017 8:48 AM||No|
James R Dobson |1||4/27/2016 12:28 PM|
Couple married in June, 2015 and each worked in different districts; however, spouse lived in husbands district from June until September when he was deployed to Cuba for one year. At that time spouse moved back to her initial district. Both had W-2 income without School District withholding.
My concern is how best to report both districts and devide W-2 incomes. I'm learning the Ohio wants two returns even though couple filed jointly. Are both to be treated as joint returns?
Help is appreciated.
|Sheryl Hatfield, CPA||5/1/2016 4:16 PM||No|
Lois Elaine Crockett, AFSP |0||1/13/2016 3:05 PM|
If I have less than 250 employees do I still need to sent copies of
W-2's with IT-3? Also can the TPA sign the IT-3 for taxpayer?
|1/13/2016 3:05 PM||No|
Megan Sonicksen |5||9/30/2013 8:36 AM|
Please use this discussion board for discussions specifically relating to the Chapter, state or local tax discussions.
For general discussion items relating to business management, federal tax or education, please use the discussion board located under Member Center>Community.
|Lois Elaine Crockett, AFSP||1/13/2016 2:04 PM||No|
Carolyn Bingaman |3||2/4/2014 9:32 AM|
this new tax for townships or un-incorporated areas, how can we get a list of these areas. we seem to find out only after we have missed withholding on payroll for awhile.
there is also a business tax return.
we visited Ohio website, no list of locations.
|Sarah Fudge||6/2/2015 3:31 PM||No|
Beverly Bressler, EA |2||6/24/2014 9:38 AM|
Does the 12 day rule in regards to withholding municipal income taxes apply to contractors/subcontractors who have employees who work in a municpality with an income tax
|Melissa Bowman, EA||7/23/2014 10:06 AM||No|
Megan Sonicksen |0||12/6/2013 10:34 AM|
With tax season fast approaching, remember your Chapter discussion board can be a great resource for state and local tax issues as well as utilizing the state tax volunteers.
Megan Sonicksen, NATP Tax Communications
|12/6/2013 10:34 AM||No|