tax liability

  1. J

    1099 Income Paid in Jan for Dec - Income for 2020, or 2021?

    My question is about whether business income is supposed to be counted as income for 2020 or 2021. Background: My LLC will be getting paid commissions as an independent contractor in January for activity that occurred this month. After doing some research online, e.g. paid in january for...
  2. C

    Reporting SSA & IRS fraud (concealed income) - looking for advice

    Dear all, An American citizen has been the owner (direct ownership as a private person) of the real estate in a foreign country for several years. He didn't declare this ownership to SSA when applied for Social Security benefits based on "limited income and few assets", and as a result has been...
  3. J

    International Business Taxation Inquiry

    Hello, I am planning to operate my business from India from where I will ship my product to US & Canada to a warehouse for ease of shipping. I have a distributor who can handle shipping and returns in north America. All the prices and sale will be in USD or CAD but earnings will be converted to...
  4. J

    What do I do when my tax attorney misses deadlines?

    Need help. At the end of my rope What do I do when my tax attorney misses deadlines? Thank You Alex
  5. How to Minimize your Tax Liability and Maximize Deductions

    Tax Planning How to Minimize your Tax Liability and Maximize Deductions

    With these seven tips, anyone can learn how to effectively reduce their tax liability and maximize their deductions. But it is important to remember that you can't have good tax planning without the planning. Once you become familiar with the basics and how to spot opportunities, the process...
    • Michael Wechsler
    • Article
    • 5 min read
    • business deductions personal deductions tax deductions tax liability
    • Category: Tax Law
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