Archived
Why would an employer not withhold federal taxes on some of my paychecks but not others and how can I discuss this with the IRS?
Ronald's answer
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Answered on February 26, 2016
There are 2 possibilities concerning the under withholding. First, it appears that your paycheck varies. If your income is below a certain level...
Archived
Nonresident Aliens file a 1040NR or 1040NR-EZ tax return. Is this correct
Ronald's answer
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Answered on February 26, 2016
Yes, as a non-resident alien, a 1040-NR is appropriate. Please go to a professional tax preparer.
I hope this helps!
Ron Cappuccio
Archived
What do you think, do I owe them money and can I win this in court?
Ronald's answer
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Answered on February 26, 2016
Unfortunately, you did not have a good tax attorney representing you. This was probably done by an office audit by someone called a taxpayer...
Archived
After forming the LLC can I bring investors into my LLC or I do I need to reform into a limited partnership?
Ronald's answer
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Answered on February 26, 2016
The LLC is a perfectly good entity and you do not need a limited partnership. There are several issues of great importance, however,. First, you...
Archived
When I will filling a Certificate of formation, what is the address i have to write? My address in Ukraine or in USA?
Ronald's answer
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Answered on February 25, 2016
When you form a business in the US, you will be subject to State and Federal Taxation, This may not be an optimal decision.You need to retain a...
Archived
Can I be a responsible party of a newly formed Florida LLC, in which I am not a member, only the manager.
Ronald's answer
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Answered on February 24, 2016
Yes, as the manager of the LLC you are responsible for paying the employment taxes, sales and use taxes and the filings for the LLC. That is why...
Archived
Who can help me set up my company, understanding what I need to do for naming, taxes, etc.? I don't need anything elaborate.
Ronald's answer
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Answered on February 24, 2016
You have 2 practical choices in forming your business - a sole proprietorship or LLC. A limited liability company is the most flexible form of...
Archived
Insolvency Work sheet for IRS
Ronald's answer
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Answered on February 23, 2016
The remaining PRINCIPAL balance, not all the future interest payments, is the liability. You should discuss this with a tax attorney.
Good...
Archived
Do non-profit organizations still have to pay those back taxes if the property is a gift or do they get absorbed?
Ronald's answer
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Answered on February 23, 2016
Yes, the back taxes will need to be paid. You should get a local tax attorney to help you apply for a Real Estate Tax Exemption going forward.
I...
Archived
Can you deduct a loss being it was a gift.
Ronald's answer
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Answered on February 22, 2016
First, if it was your personal residence, the loss cannot be deducted. Secondly, if the basis in the house (basis from donor not FMV at time of...