Hello. I am 70 years old and can benefit on my income tax return this year if I open a traditional IRA account and contribute the $7500 maximum. (Most of my investments are in real estate.) If I do that, what are the rules for withdrawing from that account, say, next year when I am 71. Can I withdraw all of it? Thanks, Rocky ..read more

Replaced roof with energy star shingles. IRS site says it qualifies but can't find the place to put it on form 5695. The questions do not include roof ..read more

We have 3 LLC's in Florida and unfortunately, we have to close our companies, we did file our final tax return. My question, if anyone can help please, do I dissolve them via sunbiz or leave them and wait for them to be 'INACT' by the State ..read more

Recent changes to UK tax laws affecting small businesses include adjustments to income tax rates, changes to VAT thresholds, updates to National Insurance contribution rates, and alterations to capital gains tax rules. If you want to pay your tax online you should visit reliable accounting firm in UK ..read more

Hi I have a Curacao based company. A UK company is billing me and trying to charge me UK VAT on its administration fees. I don't think this is correct - firstly it's a B2B invoice and even given that it's a foreign company. Am I right or are they right? Thanks ..read more

Need help with your VAT returns? We can handle them for you, no matter the size of your business. Our experts will take care of everything, so you can focus on running your business. We'll ensure your returns are filed accurately and on time, saving you time and avoiding any tax issues ..read more

Time is running out! Submit your Self Assessment tax return electronically for a quicker and easier process. This guide explains how to file online, including deadlines, eligibility, and step-by-step instructions. Don't risk penalties - file your return today ..read more

In Texas, when spouses file separately and one spouse claims Head of Household status, the other spouse typically files as Married Filing Separately (MFS). However, the income splitting allocation (50/50) on Form 8958 applies even if one spouse doesn't disclose their income. So, in this scenario, the husband should still file with a 50/50 income allocation, even if the wife has filed as Head of Household without disclosing his income on Form 8958. Any advice would be appreciated ..read more

Hello, I live in Chile, I have received income for some years through Google Adsense. I have had to pay taxes to the USA, and from what I have read, I can claim this income back, but I cant find how to do this... All I have are the 1042-s Form for 2021 and 2022 sent to me by Google (with details of the amount withheld) Can you please give me some advice? thanks ..read more

Hi, My company GSC (vat registered in England) just signed a contract with an Irish vat registered company (from now on Company A), we will need to provide some editorial services to them. I would like to know more about tax implications for Company A in Ireland. I won't add vat to my invoices due to the reverse charge mechanism and what I would like to know is the following: if I charge Company A £1000 (without vat), do Company A needs to pay vat in Ireland? And if they need to pay vat... Reverse charge mechanism - how does it work ..read more