Can the IRS garnish my corp account for a taxes owed for present year currently in an tax audit?? Is it legal?

The IRS can levy an account even if the year is under audit. You received at least 3 demand letters from the IRS. If you would have contacted a ta...

The WY LLC would own the membership interest in the WA LLC. Unfortunately, you will need to name the managing member. Also, you will need a special...

Hi, I am working with a friend to develop an online video training course. What is the best legal structure for our venture?

You should consider a LLC for the joint venture. Each of your own LLC s can be members. Please retain a good tax and business attorney. Good...

NJ Division of Taxation is requesting child birth certificate and copy of SS card for earned income credit.

Yes, you need to send the copies to the New Jersey Division of Taxation. The reason for this is they need to have you verify that the child is...

Can I dissolve my dba

Just because you file a trade name does not actually mean that you have a partnership. If there is no verbal or written agreement the partnership...

Is it possible to change article of incorporation for a 501C3 non-profit organization without losing its tax exemption status?

Probably, this will not be permitted under your current organization. You are describing changing the purpose to a supporting organization for...

Am I obligated to pay tax on savings I accumulated working in another country?

No, if it is a normal savings account, it would not be taxable when the proceeds are transferred to the US. The income would be taxable for the...

How long do I have to keep business records? Concerned that I may have under reported income on my business

Just keep the documents. If you do not have space for them, have them professionally scanned. It is better to have them and not need them than need...

Can I own part of a business that's being registered in the US by a non citizen/resident in South Africa if I am on an F1 visa?

You do not have to be a citizen or resident to own a business in the U.S. As a student visa holder, you do not have the right to work, but you may...

Most clubs pay the dancers as either licensees or other independent contractors. Usually there are no taxes withheld and they are not treated as...