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Megan *******

Athletics

Q. My husband is a youth club soccer coach and receives a 1099. He frequently makes phone calls, plans practices, and writes player evaluations in addition to going to the fields for practices and games. Would he qualify for home office and mileage deductions given the admin/paperwork completed at home and then the driving to the fields? Thanks!

If your husband works as a youth club soccer coach and receives a 1099, he can qualify for home office and mileage deductions. It is important to maintain detailed records of mileage for tax purposes. FlyFin can provide reliable assistance for filing taxes as a 1099 worker.

Ken *******

Real-estate agent

Q. In March of 2023, my wife & I created a revocable living trust. We own a duplex & previously held title as married, joint owners. We also created single-member LLC (where our revocable living trust is the single member/owner of the LLC) and transferred ownership of/title to the duplex to the LLC. Both the living trust and the LLC have unique Federal Tax IDs. My Question: Do we file separate State & Federal tax returns (under either the LLC's OR the Living Trust's Federal Tax ID) for the duplex income/expenses? OR, do we continue to file the Schedule A (with entries for each duplex side) with our joint tax return (as we did, when we owned it as tenants by the entirety)? Thank you!

Your individual tax return will reflect the income and expenses of your LLC, which is owned by your revocable living trust.

Pierre *******

Esthetician

Q. My wife and I live in Maryland. She is a Tour Guide for several agencies under 1099, and she operates as a Master Esthetician under her (single member) LLC. We opened a Solo 401k under her Master Esthetician LLC, and want to know if we are allowed to send profits from her Tour Guide activities, to said Solo 401k.

It is possible for you to contribute to your wife's Solo 401(k) using the income from her Master Esthetician business, even if she is employed as a Tour Guide on a 1099.

James ******

Seller (Online or independent seller)

Q. Hi I've got a tax question that I could use your help on if you're able. If an individual gives shares (equity) of a private company to an individual, are there any immediate tax implications for the giver or receiver of the shares? For example, if someone gifts me shares of a private company then would I or the giver need to pay taxes on that? Would the lifetime exclusion value be based on the latest 409A valuation of the private company shares? Also, I’m an investor currently looking to buy a business in the next 3-12 months and will be searching for a tax advisor. Thanks! James

The valuation of shares can be a complex process, often involving a 409A valuation, when gifting shares of a private company. Donors should also be aware of their annual and lifetime gift tax exclusions.

Amarnath *******

Freelance software developer

Q. Hi, I'm a student F1 visa and I am graduating soon. A company is offering me a freelance position for the first-year of my OPT. I would like to know what my income would look like after taxes. Since I have been in the US for less than 2 years, do I still have to pay the self-employment tax? This tax seems to be for Social Security and medicare, neither of them apply to me. Let's say my deductions would be in the ballpark of $6-10k (partial rent,utilities, medical insurance etc). What percentage of me income would be left after taxes. I'm based out of Utah, and am considering moving to a place like Texas or Florida to save a bit more money

Ensure you have detailed records of your freelance income for tax purposes and consult with a tax expert for guidance.

Ron *******

Seller (Online or independent seller)

Q. I have a problem with my 1099-K I need some help. My accounting method is as follows: * Customer orders online with a credit card. * I pack parts and ship them. * Receipt is dated on the day I ship the parts. * I count the shipping date as the sale date. * I 'settle' the credit card transaction in a day or two, and the funds are deposited into my bank account But... Back in mid 2022, I ended-up with several instances where I forgot to 'settle' the credit card within a couple days. I discovered the problem when working on my 2022 federal taxes. I processed the credit cards in early 2023. That means the my 1099-K for 2023 is reporting money that I already reported as 2022 sales. This year was a really slow year. My records indicate that I have something like $16,xxx in sales. When my 1099-K arrived, it reports over $17,xxx in sales. I was a bit confused until I recalled those delayed credit card sales. What should I do on my Schedule C to report my actual sales when my 1099-K indicates more credit card charges than items I sold? Thanks, Ron

Adjust your Schedule C gross receipts to accurately reflect 2023 sales, factoring in any delayed credit card settlements. It may be beneficial to request a correction on the 1099-K from the provider for more precise reporting.

Megan *******

Athletics

Ken *******

Real-estate agent

Your individual tax return will reflect the income and expenses of your LLC, which is owned by your revocable living trust.

Pierre *******

Esthetician

It is possible for you to contribute to your wife's Solo 401(k) using the income from her Master Esthetician business, even if she is employed as a Tour Guide on a 1099.

James ******

Seller (Online or independent seller)

Facts and figures about
Presque Isle County, Michigan

An image showcasing Presque Isle County in Michigan

13,093

County Population

Rogers City

County Seat

2,573 sq mi

County area

Presque Isle County sales tax rate

😵‍💫 1 Michigan CPA for every 300 residents results in high CPA rates

😓 19 million taxpayers missed the filing deadline last year

😨 30 million taxpayers miss deductions without the right tax expert

😣 Almost 1/2 of all Americans pay more tax than necessary

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Michigan State Income Tax Rates & Brackets for 2023

The following tables represents Michigan's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

$0+

4.25%

MARRIED FILING JOINTLY

Brackets

Rates

$0+

4.25%

Filing Status

Standard Deduction Amt.

Single

n.a.

Couple

#VALUE!

Presque Isle county Sales Tax Rates for 2023

City

Sales Tax Rate

Tax Jurisdiction

Rogers City

Presque Isle

Onaway

Presque Isle

Posen

Presque Isle

Millersburg

Presque Isle

Hawks

Presque Isle

Frequently Asked Questions

How does online tax filing in Presque Isle County Michigan work?

What does CPA mean in Presque Isle County Michigan ?

Certified public accountants, or CPAs, in Presque Isle County Michigan are tax professionals with the right education and experience to help Presque Isle County Michigan taxpayers prepare and file their taxes. They have a license issued by the Presque Isle County Michigan state board of accountancy. Accountants in Presque Isle County Michigan have to pass a rigorous exam called the Uniform CPA Exam. In addition to helping individuals prepare taxes, Presque Isle County Michigan CPAs work in positions as public or corporate accountants, and many executives with titles like Controller or Chief Financial Officer are also CPAs. Presque Isle County Michigan CPAs are the tax professionals who are most familiar with the Presque Isle County Michigan self-employment tax rate, income tax rate, property tax rate and every major and minor tax regulation in Presque Isle County Michigan that could affect their clients tax situation. A good Presque Isle County Michigan CPA is a walking encyclopedia of tax information at both the Presque Isle County Michigan level and federal level.

What exactly does a Presque Isle County Michigan CPA do?

The role of a Presque Isle County Michigan CPA is to act as a trusted financial advisor to every taxpayer who is their client. A CPA in Presque Isle County Michigan should be able to answer any possible tax question their client may have, no matter what their tax situation may be. CPAs in Presque Isle County Michigan should have the experience and expertise to prepare all the documents taxpayers are required to file in Presque Isle County Michigan with 100% accuracy.

What makes Smart CPAs different?

FlyFin's CPA team is made up of small business tax professionals who are experts in Presque Isle County Michigan taxes. They bring over 100 years of combined experience to the table. While the FlyFin app leverages sophisticated A.I. to find every possible Presque Isle County Michigan tax deduction, FlyFin CPAs provide guidance, tax preparation and Presque Isle County Michigan tax filing services directly through the app to freelancers, W-2 employees, independent contractors, self-employed individuals and small businesses in Presque Isle County Michigan. The CPA team helping FlyFin users save $3,700 on average on their taxes works with both 1099 Presque Isle County Michigan tax deductions for self-employed individuals in Presque Isle County Michigan and W-2 tax deductions for employees working in Presque Isle County Michigan, as well as with every personal tax deduction a client can take in Presque Isle County Michigan. Taxes for a freelancer, independent contractor or a business owner in Presque Isle County Michigan, for example, can be especially tricky, and FlyFin CPAs can answer any question they may have, from the write-offs they qualify for to how much their quarterly estimated tax payments should be.

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Ask a CPA in Cities of Presque Isle

Ask a CPA in Millersburg Ask a CPA in Onaway Ask a CPA in Posen Ask a CPA in Presque Isle Harbor Ask a CPA in Rogers City

Why does FlyFin offer Smart CPAs?

FlyFin was developed for freelancers, gig workers, independent contractors and sole proprietors because they're responsible for so much more when it comes to taxes and are more in need of expert tax advice than perhaps any other kind of taxpayer. With a robust artificial intelligence, FlyFin tracks business expenses automatically for self-employed individuals and identifies every possible tax-saving write-off. FlyFin also makes it possible for any kind of taxpayer to file taxes and leave 95% of the work to FlyFin CPAs. They prepare tax returns with guaranteed 100 percent accuracy, saving taxpayers time and money. By downloading the FlyFin app, they can complete the process of getting their taxes in fewer than 15 minutes.

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On average users save $3,700

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