Raf

Thank you very much, Michael. I really appreciate your help. You can't imagine how big of a help it was. Thanks again.

Hi Everyone, In need of help about the following issue. A Texas based S Corp which owns and rents houses. 3 of the 4 properties are in Texas. Its fourth property is in New York City and collected rent from it in 2021. Does the corporation needs to pay "General Corporation Tax" (on from NYC-4S) for all its profit (including profit from properties in Texas)? Or only profit made from the NYC property? In ATX; NYC-4S is bringing Federal Taxable Income (which includes income from Texas property) from NYC-ATT-S and calculates tax on it (8.85%). In addition, its charging .04% on average total net capital of the company. My question is, shouldn't the company pay tax to NYC on income earned only in NYC and pay tax on capital that is held only in NYC? Any suggestion is appreciated. Thank you in advance.

Hi everyone, I will highly appreciate any thought on the following issue. Thank you. In ATX Payroll software using the amendment option I have amended a couple of 1099 Misc. I clicked to create amendment file and the software included all 30 original 1099s in the file. Then I changed two 1099s among the 30 1099s in the amendment file and transmitted it. Now I am confused whether IRS will count the other 28 1099s twice (since they are same as the originally filled and doesn't have "corrected" box checked).