Questions tagged [irs]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
0
votes
0answers
17 views

Settlement - IRS tax question [closed]

As as result of my wife and I bringing suit against our auto insurance company, my minor son received a sizable settlement for an auto accident that he was involved in. My wife and I also won a ...
0
votes
2answers
145 views

Why can't a cryptocurrency be classified the same way as airline points or store rewards?

According to an article I read on Law360 (paywalled), Facebook's Libra could never be successful as envisioned because the tax reporting burden on it will be too high. Essentially, users will ...
2
votes
2answers
85 views

When do you need to request a W9?

I know that a W9 is required when paying over $600 to a US individual or company that is your vendor. What I'm confused about is why you don't need to request a W9 if you walk into best buy and have ...
1
vote
0answers
29 views

Do I have to pay taxes on external savings?

I am thinking about moving to Canada to work, save for retirement, and move back to Portugal for retirement because of the lower cost of living. I will contribute to the Canada Pension Plan and also ...
-2
votes
1answer
55 views

How can someone prove their income? [closed]

I'd like to make an app that lets people prove their income and put it on the Ethereum blockchain so that merchants can sell to provably low-income individuals at discount rates. The problem is I can'...
2
votes
1answer
28 views

Is it legal for a non-profit to omit the salaries of their deputy director and other lower level directors on Form 990?

I'm looking at a the Form 990 for a small non-profit, and I'm noticing that under administrative/management expenses only the Executive Director's salary is listed. I know there is a Deputy Director ...
0
votes
1answer
45 views

Is there a fine for no health insurance 2017

I'm referring to the 2017 tax year (Jan 17-dec17 filed April 18) My CPA for 10 years is telling me there is a fine this year for not having health coverage. Multiple other people i know who used h&...
3
votes
0answers
61 views

Avoid potential criminal liabity in IRS “interviews”?

As I understand it, it is a crime to lie to any federal "officer" including IRS agents. People have been convicted of doing so and sent to prison. This obviously creates a serious liability for ...
1
vote
1answer
263 views

Is a nonprofit LLC required to have a Board of Directors?

Background: I'm in the process of forming an LLC nonprofit, with the intention to file Form 1023, for tax exemption under IRS Code Section 501(c)(3). I'm sure the charitable nonprofit mission of the ...
0
votes
1answer
368 views

Is it legal to sign up for EBay/PayPal account in fictitious name?

Is it legal to sign up for a PayPal/EBay account under a random, fictitious name? I'm not talking about stealing someone's identity or attempting to circumvent paying taxes. I just want to create ...
2
votes
0answers
103 views

Do I need to register as a Money Service Business for a cryptocurrency trading platform?

According to the U.S. Department of Treasury FinCen: Money Service Business Definition. The term "money services business" includes; any person doing business, whether or not on a regular basis or ...