Are there any legal reasons why a business cannot handle the cash revenue and general finances of another legal business?

It depends on how you structure your business. ADP offers this type of service You can be a management, check signing, A/P. A/R and payroll...

You will use the CAF rather than your SS#. This the IRS can track your POA. Your professional tax preparer will help you. Good luck! Ron...

She was just wondering if she has to pay anything like gifting

No, your daughter does not need to pay any gift tax on receipt of the house. You and your husband may have to pay gift tax and file a 709 Gift tax...

Was this a common way to calculate tax basis? Do I need a tax attorney or CPA to hire vs. IRS? Do I have a good argument?

Basis would be shown on the original settlement sheets for the purchase of the property and would have been reflected in annual depreciation on the...

Can I abate a IRC 6694(b) penalty in the US Court of Federal Claims?

The for filing is the same in the US District Court and US COurt of Federal Claims. Please retain a tax attorney to handle this for you. Good...

Pay income tax on freelancing income

You need to report the income (and business expenses) on a Schedule C with your 1040. You should have a professional prepare your return to avoid...

Can I become a US Citizen even if I have not filed taxes them during the last 5 years although I have worked as self-employed?

In any case, you should be filing income tax returns. This will start the statute of limitations on audit and collections running. When you earn US...

Tax Return Amended?

Yes, you can file amended returns for 2014 and 2015. I would suggest that you hire a professional tax preparer to put pair the amended returns few...

How would I legally be allowed to bring the funds into the US? Would there be any US government taxes, fees, etc ?

First, this is going to require both the US attorney and an attorney or tax advisor in the country where the money is located. Unfortunately the...

What tax option should I use while filing the tax?

The only choices you have are to file as either married filing separately or married filing jointly. Even though your wife does not live in the US,...