CPAS WHO ARE THERE FOR YOU 24/7

A Presque Isle County, Michigan CPA is Your Ally for Accurate Tax Filing

Let’s find you the

right CPA

Within minutes!

What do you need help with?

Taxes

Accounting

Hadi
Seller (Online or independent seller)
Q. I live in Illinois. I have a sole prop under my name and we sell internet and TV packages through an outsourced call center for a broker. I receive commissions on the sales and 95% of the commissions go to the outsourced call center company. I get the remaining 5%. How much tax do I have to pay in total? Let's believe that the total commissions for a month are around $30,000.
You are only obligated to pay taxes on the 5% commission you get, which equals $1,500 (5% of $30,000).
Rick *****
Construction contractor
Q. I inherited an annuity Cost basis $26,000 Death benefit $71,900 (lump sum) Taxable gain $46,000 I need the cash for a home improvement project and thought I'd increase my 401k contribution to the max of $30,500 to reduce my taxable income since I plan on taking the lump sum. I know I will recognize a tax increase, but i feel like overall my net increase of tax for the year will be less than $5,000. Your thoughts?
Getting a lump sum from the annuity will probably boost your taxable income for the year, potentially pushing you into a higher tax bracket because of the $46,000 taxable gain. Raising your 401(k) contribution to the max of $30,500 can offset some of the tax consequences by reducing your taxable income. However, the ultimate tax impact will depend on various factors such as filing status, additional income, and expenses. Take into account all factors before making a decision.
Karen ******
Seller (Online or independent seller)
Q. I am sole Proprietor who owns a Leadership Coaching/Training business. I took over a colleagues business 1/1/23. The agreement for the purchase of this business is that I pay a quarterly commission to the colleague for assessment products that I acquired from her business. I sent her a 1099 MiSC. Where does this amount go on my Schedule C? Does it get recorded in Part 2, line 10 Commissions and Fees?
Part 2, Line 10 for Commissions and Fees on Schedule C is where the figure should be placed.
Moussa
Seller (Online or independent seller)
Q. I am looking to get paid online and hence I am setting up a company in Delaware as an LLC to be able accept payment online. Stripe offers ATLAS services to set up a company and do the paperwork. I would like to know as a non resident, owner of an LLC in Delaware do I pay any taxes if I am setting up this company?
Non-resident owners of LLCs in Delaware are required to pay federal income taxes on any income generated within the US, regardless of their residency.
Pamela *******
Healthcare professional
Q. Hi, a divorce judge ordered my ex husband, alone, to pay any amounts we have due to the irs for 2019, 2020 and 2021. I understand the irs doesn’t care what our divorce decree says, and they still hold me liable to pay. I submitted an irs Innocent Spouse Relief form to the irs for 2019 and 2020. However I can’t submit the relief form for 2021 bc the ex never filed those taxes. If I file now for 2021, married separately, I won’t be eligible for irs innocent spouse relief bc I must file married jointly to be eligible. I don’t know what to do.
If your inquiry involves complex legal matters, it may be advisable to consult with a tax attorney. We are not currently providing those services. Please reach out if you need additional support. Team FlyFin.
David
Rental host (Airbnb etc.)
Q. My wife and I are looking to buy an RV with another couple that we will share for personal use and also share as a rental (similar to a VRBO or AirBnB). Should we be looking to do an LLC or an LLLP for our "company" to minimize our risk and also to make taxes simple?
Incorporating an LLC or LLLP for your RV rental business is a strategic move to minimize risks and streamline tax filings. These entities offer protection for personal assets and limit liability.
Hadi
Seller (Online or independent seller)
Q. I live in Illinois. I have a sole prop under my name and we sell internet and TV packages through an outsourced call center for a broker. I receive commissions on the sales and 95% of the commissions go to the outsourced call center company. I get the remaining 5%. How much tax do I have to pay in total? Let's believe that the total commissions for a month are around $30,000.
You are only obligated to pay taxes on the 5% commission you get, which equals $1,500 (5% of $30,000).
Rick *****
Construction contractor
Q. I inherited an annuity Cost basis $26,000 Death benefit $71,900 (lump sum) Taxable gain $46,000 I need the cash for a home improvement project and thought I'd increase my 401k contribution to the max of $30,500 to reduce my taxable income since I plan on taking the lump sum. I know I will recognize a tax increase, but i feel like overall my net increase of tax for the year will be less than $5,000. Your thoughts?
Getting a lump sum from the annuity will probably boost your taxable income for the year, potentially pushing you into a higher tax bracket because of the $46,000 taxable gain. Raising your 401(k) contribution to the max of $30,500 can offset some of the tax consequences by reducing your taxable income. However, the ultimate tax impact will depend on various factors such as filing status, additional income, and expenses. Take into account all factors before making a decision.
Karen ******
Seller (Online or independent seller)
Q. I am sole Proprietor who owns a Leadership Coaching/Training business. I took over a colleagues business 1/1/23. The agreement for the purchase of this business is that I pay a quarterly commission to the colleague for assessment products that I acquired from her business. I sent her a 1099 MiSC. Where does this amount go on my Schedule C? Does it get recorded in Part 2, line 10 Commissions and Fees?
Part 2, Line 10 for Commissions and Fees on Schedule C is where the figure should be placed.
Moussa
Seller (Online or independent seller)
Q. I am looking to get paid online and hence I am setting up a company in Delaware as an LLC to be able accept payment online. Stripe offers ATLAS services to set up a company and do the paperwork. I would like to know as a non resident, owner of an LLC in Delaware do I pay any taxes if I am setting up this company?
Non-resident owners of LLCs in Delaware are required to pay federal income taxes on any income generated within the US, regardless of their residency.

Facts and figures about
Presque Isle County, Michigan

michigan
population

13,093

County Population

population

Rogers City

County Seat

population

2,573 sq mi

County area

population

6%

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

Download now

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

6%

Presque Isle

Onaway

6%

Presque Isle

Posen

6%

Presque Isle

Presque Isle

6%

Presque Isle

Millersburg

6%

Presque Isle

Hawks

6%

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 ?

What exactly does a Presque Isle County Michigan CPA do?

What makes Smart CPAs different?

Ask a CPA in other Counties of Michigan

Ask a CPA in AlconaAsk a CPA in AlgerAsk a CPA in AlleganAsk a CPA in AlpenaAsk a CPA in AntrimAsk a CPA in ArenacAsk a CPA in BaragaAsk a CPA in BarryAsk a CPA in BayAsk a CPA in BenzieAsk a CPA in BerrienAsk a CPA in BranchAsk a CPA in CalhounAsk a CPA in CassAsk a CPA in CharlevoixAsk a CPA in CheboyganAsk a CPA in ChippewaAsk a CPA in ClareAsk a CPA in ClintonAsk a CPA in CrawfordAsk a CPA in DeltaAsk a CPA in DickinsonAsk a CPA in EatonAsk a CPA in EmmetAsk a CPA in GeneseeAsk a CPA in GladwinAsk a CPA in GogebicAsk a CPA in Grand TraverseAsk a CPA in GratiotAsk a CPA in HillsdaleAsk a CPA in HoughtonAsk a CPA in HuronAsk a CPA in InghamAsk a CPA in IoniaAsk a CPA in IoscoAsk a CPA in IronAsk a CPA in IsabellaAsk a CPA in JacksonAsk a CPA in KalamazooAsk a CPA in KalkaskaAsk a CPA in KentAsk a CPA in KeweenawAsk a CPA in LakeAsk a CPA in LapeerAsk a CPA in LeelanauAsk a CPA in LenaweeAsk a CPA in LivingstonAsk a CPA in LuceAsk a CPA in MackinacAsk a CPA in MacombAsk a CPA in ManisteeAsk a CPA in MarquetteAsk a CPA in MasonAsk a CPA in MecostaAsk a CPA in MenomineeAsk a CPA in MidlandAsk a CPA in MissaukeeAsk a CPA in MonroeAsk a CPA in MontcalmAsk a CPA in MontmorencyAsk a CPA in MuskegonAsk a CPA in NewaygoAsk a CPA in OaklandAsk a CPA in OceanaAsk a CPA in OgemawAsk a CPA in OntonagonAsk a CPA in OsceolaAsk a CPA in OscodaAsk a CPA in OtsegoAsk a CPA in OttawaAsk a CPA in RoscommonAsk a CPA in SaginawAsk a CPA in SanilacAsk a CPA in SchoolcraftAsk a CPA in ShiawasseeAsk a CPA in St ClairAsk a CPA in St JosephAsk a CPA in TuscolaAsk a CPA in Van BurenAsk a CPA in WashtenawAsk a CPA in WayneAsk a CPA in Wexford

Ask a CPA in Cities of Presque Isle

Ask a CPA in MillersburgAsk a CPA in OnawayAsk a CPA in PosenAsk a CPA in Presque Isle HarborAsk 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.
https://dem95u0op6keg.cloudfront.net/image/PriceCalculator.webp

Expert tax CPAs ensure 100% accurate tax filing

https://dem95u0op6keg.cloudfront.net/image/AiBrain.webp

A.I. finds every tax deduction eliminating 95% of your work

https://dem95u0op6keg.cloudfront.net/image/MoneySack.webp

On average users save $3,700

rightCTAImage