It depends on the value of the rewards. Technically gets $25 or less would not be income. But usually small incentives are usually not taxable. It...

What are pros and cons of 2 LLCs creating an LLC and how would we draft the operating/LLC agreement for the new company?

First limited liability companies are not incorporated, they are formed. Secondly, having LLCs form a new LLC as the vehicle for joint venture is...

How long do I have before state/IRS, begin collections! Should I start a payment agreement in advance?

You need to file your tax returns as soon as possible. I suggest you go to a professional tax preparer right away and have your 2013 and 2014...

Will the filing status of the last year taxes be a problem at the time of filing for the adjustment of status?

She should immediately amend her return to married filing separately. If this is done prior to April 18, it will replace the prior return with the...

Tax filing status for married but living separately ( not legally separated yet / divorced )

You must file married filing jointly, or married filing separately since you were married on December 31, 2015

How do i pay what i owe when asking for an extension.I dont know yet what i owe, thats the reason i need an extension.

Good question. You should estimate the amount you will owe and pay at least that. Usually, your tax preparer can calculate what is owed based upon...

EIC letter from IRS, legit? or unscrupulous IRS tactic?

I have not heard of this being a scam. You should show the letter to your tax preparer. I am surprised that this was not claimed on your...

If anyone can help me here as I think I will never get my tax returns this year. Should I re-amend my tax returns?

I am sorry, but there is not much of a solution. Next year, I hope you use a professional tax preparer. Here is a contact I found for Turbo...

What should the payroll amount be?

If the only people working in the company are the 3 owners, and it is taxed as a partnership, there would be no payroll. Rather you would receive a...

I sold my mobile home for the exact amount of the payoff. Do I have to report selling the home to the IRS?

Yes, the transaction is reportable on you 1040. If it was your principal residence, even if there was some gain, it might not be taxed. Please have...