Raymond Daniel Agran's Answers

Can I claim my son on my taxes?

Subject to what any court order says specifically about who is entitled to claim your son as a dependent, THAT IS, UNLESS THE COURT ORDER SAYS OTHERWISE, to be your dependent, a person must be either your qualifying child or your qualifying relative. Generally, a person is your qualifying child if that person: Is your child, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them, Lived with you for more than half of the year, Did not...

1 person marked this answer as helpful

I have a business that is incorporated I would like to know if you can operate the business using a doing business as name.

The answer posted by the Texas lawyer is the same in PA, except that you would file a "trading as" application

Is a personal check from a business to an employee embezzlement?

When you say a "personal check" do you mean a check drawn on the Company's business account or a personal check of the wife/payroll clerk? If it is a check drawn on the Company's business, have both partners agreed that Company funds would be used to reimburse one family over another. If both partners agree, as far as the Company is concerned, that is not "embezzlement". There may be , however, with respect to the health insurance issuer's policies regarding coverage for the business and an...

LLC with C-Corp as a partner within.....

Among the difficulties with your proposed solution is that a C Corp will not be a flow-through and will pay entity level tax, which would likely overwhelm the additional deduction. I think it would be better if either you had the LLC obtain the healthcare policy, making that a fully deductible business expense of the partnership (assuming a reasonable cost for the policy), listing your wife and you as covered employees, or you obtain the health insurance as an individual, without the LLC doing...

1 person marked this answer as helpful