What do I do? Not getting paid on a job...

If you do not currently have an attorney that you use, I suggest that you consult with an attorney. Even though this is a small job, you should...

Can I request an extension to file my federal and state taxes?

You can file both a federal and state extension for your personal income tax return for 2015. The extension must be filed by April 18, 2016 and you...

My question is, why is this reported as actual money the estate had when it this money was not paid? Is this considered a gift?

First, the promissory note was an asset of the estate. When it forgave the balance to your brother, that is not a deduction to the estate. Was a US...

Does this incur any gift tax to me / giver. What are the annual limits Would it be advisable to split between me and wife

As the recipient of the gift, you are not subject to gift tax. Since the amount of the gift is less than $10,000, if the donors are in the US,...

Limit for funds transfer from India into US to payoff loan. Any taxes applicable here again ?

From your information it does not state whether your wife is a US resident or not. If your wife is a US citizen or green card holder, even though...

Do I belong to this LLC if they put my name online when they signed up or do I need to sign an agreement?

First, you should obtain a copy of the document filed with the state. This would probably be the articles of formation of the LLC. If you are named...

Can I continue to keep my tax status on my W-4 as married or do I have to change it to single?

You do not have to change your W-4 unless your income or remain the same after your husband has died. I suggest that you review this with the...

What type(s) of counsel do we need to seek as lease guarantors and from a tax perspective?

It is a shame you did not retain a good tax and business attorney prior to entering into this agreement. I suggest that you immediately retain your...

File the 1120S as soon as possible. You can file a zero return. Do not worry about the penalties because it is based on the amount of tax due for...

Can I use the old EIN number which I was using in incorporation or do I need to apply the new EIN number?

Usually, you will want to use a new EIN for the LLC. Most likely your attorney is setting up the LLC to be a disregarded entity for federal tax...