Archived
Are homeowners whose homes are foreclosed and auctioned off subject to capital gains tax?
Ronald's answer
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Answered on April 22, 2016
Usually, you are not receiving anything, so there is no gain. ALso, you may have a 1099-C cancellation of indebtedness. Please see a good tax...
Archived
Recently I went to tax court and the Judge has made an Order for Re-Characterization of petitioner's Stipulation of Facts
Ronald's answer
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Answered on April 22, 2016
Please retain a good tax lawyer to represent you in Tax Court!
Archived
Can the IRS take the full amount from my tax return if he decides not to pay? Or can the just take half?
Ronald's answer
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Answered on April 22, 2016
If you filed a joint return, you are jointly and severally liable. That means the IRS can take all of your refund. It may be possible to claim...
Archived
Can I negotiate and get hired while my LLC application is pending with state of CA, or do I need to wait 10-12 days?
Ronald's answer
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Answered on April 21, 2016
Yes, you can. Your attorney probably already got a EIN. If not, this will happen quickly before you sign the contract.
Archived
In our operating agreement, do we have to capture our physical address or just use the company address for both of us?
Ronald's answer
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Answered on April 21, 2016
The LLC should have its business address and the Resolutions will probably mention the address of the members.
If you have a question, you need...
Archived
How do I form a LLC in New York?
Ronald's answer
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Answered on April 21, 2016
You should definitely discuss this with a good tax and business attorney. Your attorney will help you choose the right form of entity and prepare...
Archived
Wise to setup an LLC in the US or wiser to setup in a foreign country with stronger privacy laws. what should one be aware of ?
Ronald's answer
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Answered on April 21, 2016
If your customers and production is in the US, you should have a US entity. Since you will probably be copyrighting the materials, there will be no...
Where can I find an operating agreement for an LLC fully owned by a Solo 401(k) Trust
Ronald's answer
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Answered on April 20, 2016
I know of no such "generic" agreement. Frankly, this is very complex.
Can I hire an independent contractor that has no social security number?
Ronald's answer
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Answered on April 20, 2016
Have the person consult with a lawyer. There are solutions, but it requires some planning.
Good luck!
Ron Cappuccio
Archived
What are suitable examples for service of process agents referred to on the "Articles of Organization" LLC document?
Ronald's answer
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Answered on April 20, 2016
This is known as the registered agent and registered office in most states. Typically, this can be either a member of the LLC or your attorney. The...
