Archives: Answers

How Do I Refute/Dispute”Nonemployee Compensation” on a 1099 I received?

To correct a 1099, you would typically sent a copy of the 1099 with your filing, correcting the information such as “non…

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February 26, 2024

What About IRS Enforcement?

I wouldn’t worry about it too much. They were all hired as special agents, who are tasked with crimes like tax fraud…

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10K Transaction Reporting

This requirement exists in two places. In title 26 under the internal revenue code in section 6050I. There is a penalty associated…

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November 6, 2023

How to ask HR to set you up as Exempt from Federal Taxes

There are a few options, but it will depend on your employer. Unfortunately most of them refuse to learn the law because…

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June 19, 2023

Property sale

1) You need to learn the tax code and understand why it is or isn’t taxable. Join the mailing list for some…

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LLC corporation

Whether or not a business or organization is an LLC doesn’t really determine whether it has to pay taxes. Whether it’s owned…

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June 16, 2023

Can I be charged with a crime by not filing?

The short answer is yes, but it is very limited. There is a crime called “willful failure to file”, which is punishable…

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