Over 15 years of Tax Experience, Worked with Conglomerates , Multinationals and in Public Accounting. Serves as a Subject Matter Expert on Complex Tax Issues. ACA,ACIT,CPA,CGMA,MST,Ph.D.
No, the income is not considered effectively connected income in order to utilize the Qualified Income Business (QBI) deduction. QBI excludes income that is not...
It depends. If the settlement was paid by your former employer for wrongful discharge, lost wages, business income and benefits, it is considered earned income....
It depends, if your LLC is in a community property state you can choose to file as one entity (on a schedule C) or file as a Partnership return. If the LLC is n...
