In most cases, you do require reasonable cause to abate penalties. Often, the IRS will give you a "first--timers" excuse for the first year. In the realm of small not-for-profits, I would take a shot. I would write in and request a penalty abatement. Throw in anything you can that looks like reasonable cause. If you want assistance, the Taxpayer Advocate may work with you. Consider contacting your local Taxpayer Advocate (which is part of the IRS).
You need an attorney who is a criminal attorney and also has experience with criminal tax issues. In terms of pro-bono, much depends upon your economic status. You are entitlted to a Court-Appointed attorney if you qualify economically.
The answer to your question is a numbers game, in part. If, as a couple, you save money by filing jointly versus married filing separately, you usually will file jointly. Your tax preparer can run the numbers both ways. Often, Courts will order joint filing if the savings is significant.
I say, "in part" as there is another consideration. If you believe your husband has tax risk, then know by filing jointly, you would be jointly liable for any debts to the IRS as a result of unreported...
Yes, you do have to pay taxes on cash received for services. The basic rule is that you have to pay tax on all income received unless it is exempt from tax. The exemptions are specific and narrow, such as tax-exempt municipal bonds.
Make your best effort to estimate what you received. Also, estimate your legitimate cash expenses. Keep records going forward.
Simply add your credit card tips to your tax return for the entire year on your tax return. Then, you will not be in a position of filing a false tax return, which is a crime. Alternatively, you can ask your emloyer to amend your 2011 form W-2 to include your tips. Your employer may be reticent to do this as it will cost him time and money.
Technically, what appears to have happened to you is a garnishment. And, yes, it can be reduced. Complete IRS form 433-F and form 433-A, have available your paycheck stubs, bank statements and backup for you major expenses (mortgage, rent, auto payments, medical insurance, life insurance, etc.). Then call the IRS and ask to be placed in an installment agreement. Depending on what you can afford to pay each month and how much you owe, you may get into a partial pay installment agreement or a...
The estate should be filing a form 1041 each year on its income and expenses. The "year" may be a fiscal year. You sould consult with a CPA or tax attorney experienced in the income taxation of estates.
Any Court will look at your income from any of these entitites as you will need to disclose your ownership. And, whether your income is flowing through to you, or being held within the entity (i.e. C-Corp), it will be obvious to the Courts what you are trying to do.
That being said, income retained within a C Corp (or an LLC electing to be taxed as a C Corp) will not appear on your personal tax return directly. Income from a flow-through LLC (whether a disregarded entity or one taxed as a...
Apparently, NJ has also assessed you personally as a responsible officer of the company. This is because sales taxes are deemed to be taxes you hold in trust for the State. You should consult with someone, such as our firm. If you would like such a consultation, call our office and set up an appointment. We handle this type of work.
Congratulations on your new experience. My first advice is for you to meet with a suitable professional, possibly an attorney-CPA such as myself, to get some advice and gudiance. Having excellent professionals and their services is a key ingredient to success in business.
I am not sure why you would have converted your LLC into a C-Corp. If possible, you may wan tto reconsider your move. But, if you retain that new structure, the LLC transactions for 2013 will be reported on your...