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What do you mean by agent?

Hello T&B, No, it's $2,000 per child. If you have 2 children then you should double the amount.

Thanks Jamila, Glad it helped!

Thanks Belleza, for the wonderful Comment. I do my best to make all government forms easy to fill out. It's not glamorous, but someone has to do it.

Thanks

I have done a video for people on filing out the 1040sr form using a 1099 and Social Security as an example, If that's what your are suggesting.

Thanks Monopoly Man. Or is his name Cash Uncle? I can't remember.

Hello Pedro, For your tax Filing: Form 1040: When it's tax season, you'll file a regular tax return (typically Form 1040) to report your income and any deductions you qualify for. Schedule C: You'll likely need to file Schedule C along with your Form 1040. This schedule details your income and expenses related to your self-employment activity. Tax Payment: If you haven't paid enough in estimated taxes throughout the year, you'll need to submit the remaining balance with your tax return.

Great question! As I do not feel comfortable using my personal SSN on a form being sent to a customer. 🥴

Hello Alex, Sorry for the delay, your comment went to "Held for review" . Per IRS instructions it is the same as it was... Owner's SSN or EIN , but NOT LLC's EIN. Here is a direct link to the IRS instructions. www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies

Hello Bonnie, You have to check the Single member LLC.

Thanks HD, That was one of my first videos awhile ago. Glad you enjoyed it

Thanks Nandish, Glad it was helpful!

Hello Joanna, No, you shouldn't put your mother's name and SSN on the W-9 form for the estate settlement payout. If the estate already has an EIN, enter the EIN in the appropriate box. Regarding the name, typically it should be something like "Estate of (Your Mother's Name)".

@@KatieStOresCFPChFCEA thank you so much for your help!

You're welcome.....

Hello Mard3y, Since you are filing jointly, the highest earner should claim the child.

Alright....

Thanks yKaiden, I appreciate the 'awesome" comment.

Hello Pavel, The D code specifically relates to 401(k) contributions, not IRAs. So that would be no.

@@KatieStOresCFPChFCEA Thank you so much. I like your videos.

Thanks Keval, Glad it was helpful!

Huh

The IRS itself doesn't directly issue CPE certificates. After finishing the 50 hours of approved CPE courses, the course provider you took them from should issue your certificate.

But I saw 50 hours CPE certification from IRS in CPA person office room.when I went to tax file I saw it. That’s why!

Thanks for the nice comment, glad you liked it.

Hello Tiffany, The IRS isn't picky and will accept money from everyone. Homeless people with jobs can still file their taxes, even without a permanent address. The IRS understands this situation and offers options for them to file. --- While a permanent address isn't mandatory, you do need a mailing address on your tax return. This is where the IRS will send any communication or potential refund. Here are some possibilities: ---Shelter Address: Many homeless shelters allow residents to use their address for tax purposes. ---Trusted Friend or Family: You can list the address of a trusted friend or relative who can receive your tax documents. ---Day Center or Social Service Agency: Some day centers or social service agencies may offer a mailing address option for tax purposes.

@@KatieStOresCFPChFCEA I have a permanent bed in a homeless shelter where I can receive mail but I was just curious about those who have to sleep in tents.

Thanks Theinfoman, I've never been compared to the IRS before. I'm glad the video helped.

Thanks Skippy.... I glad it was helpful.

Hello Hicham... Yes, you can obtain an Employer Identification Number (EIN), which is essentially your business tax ID, completely free of charge any time.

@@KatieStOresCFPChFCEA Do you have an idea to create a free LLC company?

What state do you live in?

@@KatieStOresCFPChFCEA I am from Morocco and I would like to work online, so I do not have the money to start buying a company. Thank you very much, ma’am, for your help.

@@KatieStOresCFPChFCEAI am from Morocco. Thank you, ma'am, for your help

Hello V4, You must live in a state where is costs a lot. The price to register an LLC with a state does depend on the state. There are two main cost components filing fee & annual fee.

@@KatieStOresCFPChFCEA yes NY state registration fee I think is why it cost so much.

Hello Maria, No you don't, you can omit Step 2.

Hello Maria, No you don't, you can omit Step 2.

Thanks Levar... You're welcome....

Thanks Will, Glad it was helpful!

Hello Isabel, Please use the IRS Tax Withholding Estimator: The IRS offers a helpful online tool (www.irs.gov/individuals/tax-withholding-estimator) to estimate your total tax liability based on your income, filing status (Married Filing Jointly in your case), and deductions. The estimator will suggest adjustments you can make to your W-4 to ensure you're withholding the right amount.

Hello Tailor To apply for an Employer Identification Number (EIN) for your non-resident LLC without an SSN or ITIN, follow these steps: 1. Download and complete Form SS-4 from the IRS website. 2. Indicate "No" for the question about having an SSN or ITIN on the form. 3. Submit the completed form by mail or fax to the IRS. Processing times for mailed or faxed applications can take several weeks.

Thanks you so much Mam for reply my msg god bless u

Hello Phillip. Thanks for the nice words. Here is the link to the estimator. ruclips.net/video/q9DMfsxpTIc/видео.html

Thanks Bella, You're so welcome! And thanks for the wonderful comment. No need to be scared of a little-old W-4 form anymore.

Thanks for your "Excellent" comment. Glad the video was helpful!

Hello Barry, Sorry about that. I'm in the process of updating my webpage. I'll see if I can fix the link on Monday.

Hello Orhan, Your friend can get an Employer Identification Number without a Social Security Number. (You have to mail in the form, you cannot do it online.) Here's how: The application process is the same: You can still apply for an EIN using Form SS-4 regardless of whether you have an SSN or not. When completing Form SS-4, be sure to check the box "Other" and write "Ineligible for SSN" or a similar explanation in the designated space. There are two ways to submit the application without an SSN: Mail or Fax: You can mail or fax the completed Form SS-4 to the IRS address mentioned in the instructions. This is the most common method for those without an SSN.

[9:42am PST] @SaintOres.com Hello Becca, Since your income will be below the standard deduction for single filers in 2024 ($14,600), there wouldn't be any tax liability for you to pay. Since your parents claim you as a dependent, claiming yourself on your own tax return wouldn't provide any additional tax benefit.

@@KatieStOresCFPChFCEA oh wow! Thank you!

[10:04am PST] @SaintOres.com You're welcome....

Oh, I have another unrelated question. Can a single person, first-time tax filer, with no dependents, also claim zero allowances on a NY-Withholding IT-2104 form? I just read that it’s suggested that they can claim 1 allowance, but can they still claim zero?

Hello again Becca, Yes, you can still claim zero if you want. As a first-time tax filer with no dependents in NY, you have two options: claim 0 or 1 allowances on your IT-2104 form. Claiming 0 allowances means more taxes withheld from your paycheck, but could lead to a significant tax refund. Claiming 1 allowance is recommended, as it pre-pays some taxes throughout the year, reducing the risk of a large tax bill later. It may also result in a smaller refund or no refund. Ultimately, the best choice depends on your financial situation.