Tax filling for LLC with non-US partnership

This is a complicated fact pattern and you need to sit down with a tax attorney and provide them all of the information before anyone can give you...

What precntage of income can I give to charity without paying taxes on it

Just remember that funding a not profit or giving to charity is taking $1 and putting it to charitable use. Ordinarily, you might be taxed .30 to...

How long does it take to get the FTB to return bank levied money after you file tax return

I agree with Mr. Nielsen on this.

Married 20 years, age 59, female, kids (17 &19). Unemployed. Husband cheats is bankrupt owes ~ 100k in taxes. I want to divorce.

It sounds like you are understandably very emotional. You should probably see a divorce lawyer right away. But, the fact that your husband is...

Foreclosure and tax question

This is tricky. You have not lived in the house for 6 years, so the principal residence requirement of the Mortgage Forgiveness Debt Relief Act...

In U.S. Tax Court, can statements made in settlement negotiations be admitted as evidence?

As everyone has indicated, under the Federal Rules of Evidence (Section 408), Settlement Discussions are not admissible in trial. However, be...

Selected as the best answer

20 year old C Corp is about to sell(expect gain 200K) If C corp convert to S corp to save taxes befor Any tax consequences?

As Mr. Leahy pointed out, you should retain local counsel. There is a sufficient amount of money at stake that you want to plan the transaction...

Tax on Gifts

Right now the exempt amount is $14,000. That is, any gift to any individual for less than $14,000 does not require you to pay gift tax. If a gift...

This is correct. You are being charged a use tax because the seller failed to remit sales tax. You are on the hook for this tax and the interest,...

New Jersey Division of Taxation trying to get over $10,000 from online tobacco purchases over the past 8 years

Not only is your friend liable for the tax, but in New Jersey it is a 4th degree crime to sell untaxed cigarettes (2C:64.1(a)(1)). He can also be...