Can he demand the LLC after being operated for over 3 years with 1/3 -2/3 debt/profit structure to a 50/50 debt structure

I think you should speak with your divorce attorney about the intent of this agreement. It sounds like with a 2/3 to 1/3 ownership split, that was...

Selected as the best answer

No, there is no deduction in the Internal Revenue Code for this. Why do you think you could deduct? I hope this helps!

Can I refuse their services since she didn't sign anything?

H&R Block generally has a policy that if you do not file the return they will give you your documents back and not charge. By the way, a $300 fee...

How should my wife and I structure our separate businesses; LLC or Series LLC?

You and your wife to each have to separate LLC's. They should both be single-member LLCs and neither one of you should have an interest, be an...

Where is the best place to get LLC information?

You should consult with a good tax and business attorney to advise you on the best legal and tax entity. You need specific advice not general...

Please talk to a good tax lawyer. You will need to file Federal and State Corporate returns and amend your 1040's. There may not be a lot of tax...

Is it a capital gain or ordinary gain when selling a investment property?

From your facts, the property is an investment property and the gain is capital gain except for the portion you depreciated. Please have a CPA or...

Do the internal revenue call u

This is a scam. Do not call back and do not give any information. They are trying to steal credit card, bank account and other information

Should I file taxes or it would be best if an extension is taken out?

You can file an extension if you want. Talk to your professional tax preparer, but it sounds to me like you can file married filing jointly and for...

Deduction of legal fees paid on my federal or state income taxes to defend a lawsuit against my fathers estate?

Generally, no. However, it may be deducted from the estate. Check with your tax attorney.