Formed my own business last year as a llc paid no taxes on $50k revenue is that ok ? or should I have paid quarterly

Yes you have a tax liability no matter what choice you made. If you're a1 member LLC you are taxed either on Schedule C, or as C Corporation if you...

How would capital gains exemption work if new property was bought in 2013 but old property sold in 2014.

You will definitely need good tax preparation help. We haven't had residence "roll-overs" in a long time. With a mixed use property we treat them...

What is the proper tax form for a Delaware LLC registered as foreign in MA?

A Massachusetts business that was incorporated in another state (such as Delaware) must register in MA at the Secretary of State as a foreign LLC ...

My sister filed as head of the household when she isn't and claimed me as a dependent, without my permission

Your sister cannot claim you as a dependent if you were not living in her household. A full time student can count the time away at school as...

This is a complex set of issues because you might want to treat yourself as a resident for US tax purposes if it helps you tax wise. For ex., if...

Do I qualify for a 1031 exchange to avoid capital gains tax?

In order to do a tax free exchange, the property sold must have been "held for investment" which is a tax term of art. These are sometimes ways to...

Does the IRS negotiate balances due (including fees) for prior year returns?

Of course they do. BUT only if the IRS obtains more funds in the Offer to Compromise than they would otherwise get in the next 5 years anyway. So...

First, unless a divorce decree says otherwise, no spouse can be forced to sign a joint return. Yes, there are always issues as to which party is...

Do i need to pay my ex-spouse half of tax returns even though he just applied for bankruptcy?

If your ex-husband just filed for bankruptcy, the refund on a joint return is part of his bankruptcy estate and should be decided by the bankruptcy...

The IRS will not care about the joint account being split equally provided you have documented in your file that the other siblings all agree in...