It really is not prudent for anyone to answer this without a more thorough understajnding of your CURRENT busimness and future direction/goals. I...

My tax preparer has not filed my 2018 taxes. All documents were sent to him last year in October. Can I sue him?

My first suggestion is to contact the IRS and advise them of the situation. Explain to them what happened and that you are going to take...

Can you file a tax amendment after 3 years

Upon first glance, you would not be able to file an amendment for a refund because the Statute of Limitations may have run. However, there are...

you must fill out the entire 1040X...not just the "corrected" amount. You will list the amount in 1 A that you originally claimed...then in 1B you...

How big can a monetary gift be before the giver has to pay taxes?

You are correct in the $14,000 per year amount and Yes, there is a lifetime limitation. You will have to file appropriate gift tax forms, but...

Can I do a 1031 like kind exchange for selling timber from land I own?

you must sell the same type of property in exchange for the the same type f property. You could do do 1031 oin one piece of land in exchange for...

From a tax perspective, does it make a difference where the HQ of an international firm is?

the location of the foreign business in the United States is very important. States have different tax and sales tax regulations and you want to...

Does a (Swiss) E-2 investor have to pay any tax for non-US 'resources' in Florida?

there is a lot of issues here: the timing of the distributions; residency issues, as well as potential exceptions based upon resident status...

How do you report income you get from another country while living in the United States?

In order to provide a thorough answer, there would need to be additional information. However, you can report the income on a Schedule C if you...

How possible is it to cancel a contract with a timeshare?

Mexico is a "right to use" country and you can get out of the timeshare completely....the law there will allow this. A few letters from an...