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LLCs can't have children and cannot claim a child tax credit. However, individuals who qualify can claim the credit on their personal 1040.
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It should be below the Payer's name and labeled "Payer's TIN" (TIN = tax identification number). This is what the standard IRS-approvedform looks like. Your pa...
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I am sorry for your loss. Yes you can and must file a 1040 if you meet the filing requirements.https://www.irs.gov/newsroom/who-needs-to-file-a-tax-return Tur...
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If you never issue stock, then check your Articles of Incorporation. I think corporations have to issue stock (like LLCs issue "units") when created. It may not...
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I cannot answer the CA questions. If the land tax is a property tax (unrelated to the sale) you cannot deduct it all all for a federal return. It might be diff...
Activity Feed for jtax
- Got Cheered for Re: Gross income on foreign rental property Form 1116. Monday
- Got Cheered for Re: Is regular pension income consdered by IRS a passive income?. April 23, 2025 8:18 AM
- Got Cheered for Re: Reporting capital gain on land sale overseas in Federal and California returns. April 15, 2025 9:06 AM
- Posted Re: Can I file a Child Tax Credit on a LLC s-corp? on Business & farm. April 15, 2025 5:56 AM
- Posted Re: Where do I find the federal id number on my 1099R from the U.S . Retired Pay? on Retirement tax questions. April 15, 2025 5:53 AM
- Posted Re: Can I file a 1040 form if I have a 1099r on Retirement tax questions. April 15, 2025 5:49 AM
- Posted Re: How do I answer the question about the number of shares in an S corp at year end. We don't issue stock on Investors & landlords. April 15, 2025 5:46 AM
- Posted Re: Reporting capital gain on land sale overseas in Federal and California returns on Deductions & credits. April 15, 2025 5:43 AM
- Posted Re: Rental property/Primary residence on Investors & landlords. April 15, 2025 5:28 AM
- Posted Re: do i need to report roth ira contribution on Retirement tax questions. April 15, 2025 5:20 AM
- Posted Re: Where do I include the costs of a storage unit in my income taxes? on Investors & landlords. April 15, 2025 5:17 AM
- Posted Re: How do I get to the Schedule K-1 when preparing my taxes for my LLC on Business & farm. April 15, 2025 5:14 AM
- Got Cheered for Re: Reporting capital gain on land sale overseas in Federal and California returns. April 14, 2025 5:27 PM
- Got Cheered for Re: K-1error"U.S. source-other ded plus foreign other expenses allocated at beneficiary level should not be greater than total other expenses allocated at beneficiary level.". April 14, 2025 3:32 PM
- Posted Re: K-1error"U.S. source-other ded plus foreign other expenses allocated at beneficiary level should not be greater than total other expenses allocated at beneficiary level." on Deductions & credits. April 14, 2025 3:09 PM
- Got Cheered for Re: Question on basis calculations. April 14, 2025 2:44 PM
- Posted Re: Question on basis calculations on Deductions & credits. April 14, 2025 2:42 PM
- Posted Re: Foreign Taxes Paid reported on 1099-Div Line 7. Where to report on Form 1065 on Deductions & credits. April 14, 2025 2:32 PM
- Posted Re: Self employed small business owner on Deductions & credits. April 14, 2025 2:16 PM
- Posted Re: Reporting capital gain on land sale overseas in Federal and California returns on Deductions & credits. April 14, 2025 2:12 PM