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LLC owned by spouse is failing, multiple debts, including. taxes. I work. If he is not on my checking acct, can IRS lien it?
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Answered on December 02, 2015
there are a lot of facts that are not stated. Such as is the LLC a disregarded entity and does the income flow to schedule C on your tax return....
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Am I responsible for paying the taxes stated in my lease?
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Answered on December 02, 2015
You will need to follow your obligations in the lease
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Can a Realtor come in without a tenant present in Mass?
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Answered on December 02, 2015
You are entitled to receive notice of the real estate broker coming. Also, terms of your lease may govern. There is often a clause in the lease...
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Principal Residence Exemption entitlement.
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Answered on December 02, 2015
The answer is going to depend on your tax status and how you file in the US. Speak with a CPA
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My friend and I are buying a house together, can i use the house as a tax benefit
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Answered on December 02, 2015
Is this rental property or your residence. If rental consider an LLC with an operating agreement. In the agreement you can designate how profits...
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What should I do (Real Estate Question)
Scott's answer
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Answered on December 01, 2015
These situations can become very complicated. You should sit down with an attorney to assist you in coming up with not just a strategy for this but...
A relative is terminally ill and owes the IRS. If he passes away does the tax debt that he owes still have to be paid? He was
Scott's answer
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Answered on December 01, 2015
The assets in the estate can be used to settle the IRS debt. The IRS will generally not go after individual family members. They may be able to go...
We would like to use our LLC to manage rental properties that I own personally. Do the leases need to list the LLC as Landlord?
Scott's answer
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Answered on December 01, 2015
Putting aside the fact that you own the rental property individually; since the LLC is acting as the management company the leases should still be...
Archived
How to remove a partner from LLC?
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Answered on December 01, 2015
If you already have a signed agreement in place you probably need to talk with an attorney to enforce the agreement.
Archived
I want to know the best legal structure for corporate company that maximize tax benefits
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Answered on November 30, 2015
This is a very complicated area. It includes not just US income taxes but also US estate taxes. There are also foreign taxes to consider. What...
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