Jason D Knott

Taxpayers are familiar with Form 1040-X amended returns, but you may be eligible to file a superseded return, which is better. A superseded Form 1040 can save the taxpayer thousands of dollars in late filing penalties. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form1040 #AmendedTaxes DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

A taxpayer must report their gross amount of gambling winnings on Form 1040 each year. If you have gambling losses, you can record those gambling losses as an itemized tax deduction (Schedule A) to the extent you have gambling winnings. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form1040 #GamblingWinnings DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

How to fill out Form 1041 for the 2021 tax year. We have a simple example for an irrevocable non-grantor trust that is a complex trust for federal tax purposes. Does a grantor trust need a Form 1041? Maybe. See our video here: https://youtu.be/EsmxisGrZSg Submit Form 56 to be appointed the trustee or executor: https://youtu.be/6c-taf-yVTY Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form1041 #NongrantorTrust DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

What are the tax return due dates for your 2021 tax returns? Form 1040: April 18, 2022 Form 1120: April 18, 2022 Form 1065: March 15, 2022 Form 1120-S: March 15, 2022 Tutorials on Tax Return Preparation: Form 1040: https://youtu.be/Jg0cO0KnRFI Form 1065: https://youtu.be/8mWTfJe2juM Form 1120: https://youtu.be/kJjaPwx_Vrc Form 1120-S: https://youtu.be/e-YXjZLm8ec Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Taxes #1099NEC DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

IRS is sending out the LTR 6475 to taxpayers regarding their third stimulus check payment from January 2021. Each person was paid $1,400, but not everyone got their full amounts. In this video, I cover how to complete the worksheet and report on your Form 1040 for any amount that was not paid to you during the year. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #LTR6475 #StimulusChecks DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

IRS Form 7203 was added in 2021 to adequately track an S corporation shareholders' stock and debt basis. Shareholders are only allowed to deduct losses to the extent they have basis, which is why tracking the balances on a yearly basis is so important. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Scorporation #Form7203 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

How to fill out Form 1040 for the 2021 tax year. We have a simple example for a taxpayer with a Form W-2, Form 1099-INT, Form 1099 consolidated, and Form 5498 For other form tutorials that might be applicable to your return, check our videos here: Form 6781 Futures: https://youtu.be/LFul6_V4IQo Form 8396 Mortgage Credits: https://youtu.be/PbMJRVK6D4s Form 8959 Medicare Taxes: https://youtu.be/Jrmi5vMKvzw Form 8960 NIT: https://youtu.be/IG22zTmGKRo Form 8582 PAL: https://youtu.be/u6T-vgLUO_0 Form 1099-S Reporting: https://youtu.be/4TQsAyVGvoc Form 4684: https://youtu.be/P7vYJvrBRg0 Form 8880 Retirement Contributions: https://youtu.be/w7AdRIAZmWg Form 8889: https://youtu.be/f0ldHvce_24 Form 8949 for QOF: https://youtu.be/6zC87hityTw Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form1040 #Taxes DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

How to fill out Form 1120-S for the 2021 tax year. We have a simple example for an S corporation with a simple profit and loss, a balance sheet, and three shareholders. For other form tutorials that might be applicable to your return, check our videos here: S Corp Health Ins: https://youtu.be/eX4HcEvEtk8 Schedule B-1 Disclosure: https://youtu.be/lpHos4BcMgA Form 8869 Q Sub Election: https://youtu.be/90MhuuviXCw How is Income Allocated? https://youtu.be/v5Pn6oHdBvo S Corp Debt Forgiveness: https://youtu.be/60NldMgiRwY S Corp Restricted Stock: https://youtu.be/Xx6bZwECBCI Did your S corp election terminate? https://youtu.be/hAcGsoElcRI Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form1120S #Scorporation DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

How to fill out Form 1065 for the 2021 tax year. We have a simple example for an LLC taxed as a partnership with a simple profit and loss, a balance sheet, and two LLC partners. For other form tutorials that might be applicable to your return, check our videos here: Do you need a partnership return if you lost money: https://youtu.be/GvHacjwBzfs Schedule C: https://youtu.be/W9kEqaDInRw Schedule B-1: https://youtu.be/ukPbs0-oblo Schedule B-2: https://youtu.be/ACXBVUISwP8 Form 8825 Rentals: https://youtu.be/IjuBeFNSupk Recourse vs NonRecourse: https://youtu.be/4ZO_VFjbP1s Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form1065 #PartnershipTaxes DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

How to fill out Form 1120 for the 2021 tax year. We have a simple example for a C corporation with a simple profit and loss, a balance sheet, and six U.S.-based shareholders. For other form tutorials that might be applicable to your return, check our videos here: Form 851 Affiliations: https://youtu.be/lxs14MnJ7BM Schedule L: https://youtu.be/tAQ0u2bMZnU Schedule B: https://youtu.be/VxxeHZOQkK8 Schedule C: https://youtu.be/2RdUqVT7fRE Schedule G: https://youtu.be/ZgP_UYApZ5A Schedule N: https://youtu.be/L46i87R-g0s Deferred Tax Assets & Liabilities: https://youtu.be/n-4_GifD6xk Form 5472 Nondividends: https://youtu.be/jSRcatAdhJg Form 1122 Consolidated: https://youtu.be/fBSZonaIPKU Do you have a personal holding company? https://youtu.be/Q096Vp18-5c Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form1120S #Scorporation DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

Form 1099-S is filed by the closing agent to report the gross sales proceeds from the sale or disposition of real property by the seller. The seller receives a copy of Form 1099-S, and the IRS gets a copy as well. It is important for the seller to report the transaction on their Form 1040 because Form 1099-S does not report the cost basis in the home. So, the IRS has no idea whether the taxpayer realized a gain or loss on the sale. Guide on the principal residence exclusion. https://bit.ly/3oecSUp Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ https://gumroad.com/jasondknott Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #1099s #RealEstateTax DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

The IRS released the 2022 version of Form W-4. Employees need to update their Form W-4 to have the appropriate amount of withholding tax applied to their paychecks. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #FormW4 #WithholdingTax DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

The IRS Form 6781 should be included with your U.S. federal tax return if you are reporting income related to futures contracts and straddles. When a taxpayer trades regulated futures contracts (Section 1256) the gains and losses from trades are split between long term and short term capital gains. The taxpayer also "marks to market" the open positions at year-end. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #FuturesContracts #6781 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.

When a U.S. person owns an interest in a foreign branch or a foreign disregarded entity, it must disclose the ownership and details on the foreign entity on a Form 8858 and include it with their U.S. tax return. In this example, we cover an individual taxpayer with a 100% ownership in a foreign disregarded entity. In addition to the Form 8858, taxpayers must also consider the following additional forms and disclosures: FBARs: https://youtu.be/HXC5OSNMK5U Form 8938: https://youtu.be/TA6pQugVRZA Form 926: https://youtu.be/wWNhk-JpMJw Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form8858 #DisregardedEntity DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

If you're filing a consolidated Form 1120 for a U.S. corporation, you'll need to include the IRS Form 851 to report the affiliated entities. File Form 1122 to elect to consolidated corporate entities: https://youtu.be/fBSZonaIPKU Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form851 #Form1122 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

If you are a U.S. expat working for a U.S. company, you are likely trying to qualify for the foreign earned income exclusion (FEIE) under IRC Section 911. You'll need to file your Form 1040 and include a Form 2555 to take the exclusion. You can also prepare Form 673 and provide this to your employer to exempt your wages from federal income taxes. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form673 #Form2555 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

The Form 15103 is generally filed in response to an IRS CP59 notice. If you received a CP59 notice, the IRS wants to know why you did not file a Form 1040 tax return. View this video for more details on CP59 notice: https://youtu.be/LeImBwbKQL8 Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #IRSnotice #CP59 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

If you have difficulty reading, or are legally blind, you can request to receive IRS communications in a different format. In order to change the format, you need to complete IRS Form 9000. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Taxes #Form9000 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

U.S. source rents are treated as U.S. source FDAP income when paid to a nonresident owner of real estate. A nonresident can file a Section 871(d) election with their Form 1040-NR to treat the income as ECI. Top 7 rental real estate tax deductions: https://youtu.be/KlshbZ3LB8U Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #RentalIncome #ECI DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

Nonresident entrepreneurs can open a U.S. multi-member LLC and not pay any U.S. taxes, so long as the entity is not engaged in U.S. trade or business (USTOB) and has no effectively connected income (ECI). In this video, I outline the rules surrounding USTOB and ECI, and why a nonresident owned LLC will likely not have to pay any U.S. taxes so long as all of their operations are conducted outside of the U.S. Check out Part 2 for the Form 1065 reporting when the LLC owes no taxes: https://youtu.be/8GOJ12zn19E Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 #MultiMemberLLC #USTOB #ECI DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

Form 8316 is filed in conjunction with IRS Form 843 when requesting a refund of FICA taxes that were incorrectly withheld from your wages. See the Form 843 video here: https://youtu.be/-enVXYl2D3Y Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form8316 #FICA DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

Form 843 can be filed by international students that worked in the U.S. and had payroll taxes (FICA) incorrectly withheld from their wages. The Form 843 should be filed in conjunction with IRS Form 8316. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form843 #FICA DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

The Amazon Tax Interview for single-member LLCs is complicated. Non-U.S. persons create a U.S. LLC to open an Amazon Seller Account, and they quickly realize the LLC is a transparent entity for tax purposes, so their personal name is displayed on the store. In this video, I discuss some restructuring options to change the tax structure and the Amazon tax interview process. Foreign SMLLC W-9 or W-8: https://youtu.be/sXuJEWMs1Og Multi Member LLC W-9 or W-8: https://youtu.be/qiHbim0tVOo Automatic Conversion to Partnership: https://youtu.be/zqpwaVJvq_c 1065 Filings Required: https://youtu.be/GvHacjwBzfs Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #AmazonSeller #SingleMemberLLC DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

This video covers the U.S. tax rules for disregarded entities and how the rules apply to U.S. LLCs. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #LLC #DisregardedEntity DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.

If an S corporation generates passive income apart from its ordinary trade or business income, the S corporation may be subject to taxes directly on the net passive income. The tax applies to S corporations that were previously taxed as a C corporation, and have accumulated earnings and profits carried over from when it was a C corporation. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 #IRS #Form1120S #Scorporation DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.