Are secoundary credit numbers legal?

The second credit number is known as the Credit Profile Number and is rarely needed. (The main reason for obtaining a CPN is for victims of...

New Jersey real estate transfer taxes

No. New Jersey has a real estate transfer tax but it is not 9%. Nevertheless, if the property is assessed as farmland, there is a 2 year rollback...

Your boyfriend certainly does not understand taxes and should not be using TurboTax. Further, the TurboTax audit defense will certainly not protect...

Will i need a tax professionals help or is this something i can handle on my own?

The CP 75 notice from the IRS is an audit on the earned income tax credit. Usually that means the IRS does not have the correct records and...

What part of the profit and loss statement should reflect a stockholder's income from a C corporation?

As an officer of the corporation, you should be paying yourself a salary, W-2, not as a 1099. Any dividends would be taxable to you individually...

Can I let her use my accounts that my LLC uses to sell her crafts; under supervision? Is there any legal process to go through

The best move would be to monitor and control what she does. This will give her good business experience. Good luck! Ron Cappuccio

Should he continue to keep his W4 as same and not modify it. If so what are the legal issues he can run into?

It would be smart if your friend would modify the W-4 to include the correct filing status and withholding. When he files his 2015 tax return, if...

Is it possible to start an LLC as a passive member and share profits ?

Thank you very much for your question. In the future please do not put your name or any personal identifying information. First, it is possible...

Ss needed for a will?

Usually in a Trust, a Social Security number is used to positively identify the person. Your husband's grandmother may also be setting up a bank...

Making crafts from home and selling it on EBay and Etsy; considered passive income?

Actually, that is active income. You will file a schedule C on your 1040. I hope this helps! Ron Cappuccio