Archived
Do I have to file a Foreign Qualification for my LLC for each state in order to conduct business (VA, MD and DC)?
Ronald's answer
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Answered on March 26, 2016
Do not do anything without talking to your tax attorney. If you are no longer doing business in WA, it would be best to close that LLC. You will...
Archived
How do I get her taxes up to date.
Ronald's answer
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Answered on March 26, 2016
First, she should hire a tax attorney so that she has attorney client privilege, You should try to get the tax information for the past 6 years, so...
Archived
How to protect money from other forces or lawsuite?
Ronald's answer
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Answered on March 26, 2016
You should retain a good tax attorney familiar with asset protection planning. This is not a "do-it-yourself" project. Also, don't fall victim to...
Do you have to fill out a W-9 for a requester for an estate on an inheritance if you haven't filed taxes for years (retired)?
Ronald's answer
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Answered on March 26, 2016
A W-9 is required to verify your social security number. There may be a Federal Estate Tax Return Required, or the Estate may have sold stocks or...
Archived
Is this legal? And, if it is not. How do we report it?
Ronald's answer
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Answered on March 25, 2016
Although it is wiser to maintain separate business and personal accounts, some business owners to not do this. It makes their accounting more...
Archived
Received 1099-C for my husband. Should we file our taxes jointly or separately?
Ronald's answer
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Answered on March 25, 2016
It sounds like you should be filing as married filing separately because your husband is insolvent and you are not. This way your husband can file...
Archived
Can I call the IRS and have them take that to pay off the debit?
Ronald's answer
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Answered on March 25, 2016
Do not withdraw money from your 401(k) plan to pay the IRS. This will cause multiple problems. First if you are under age 59 1/2 you will incur a...
Archived
What would be our next step since our tax refund was stolen from there office
Ronald's answer
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Answered on March 25, 2016
If you requested a paper check from the IRS rather than a deposit into your bank account, you can simply request a new check from the IRS. Because...
I am the trustee of a living trust. Grantor dies. Do I have to a new 1041 estate form or file the final 1041 Grantor Trust?
Ronald's answer
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Answered on March 24, 2016
The trust continues under its original terms when the grantor dies. It is obviously no longer revocable, but you as trustee need to continue to...
Archived
Will a new tax debt affect an previous OIC if the offer amount has been paid in full?
Ronald's answer
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Answered on March 24, 2016
Usually, an offer in compromise requires that you remain current for 5 years of taxes. If this was part of your agreement then a new obligation...