Do I have to pay income tax to both states or just to the state of Maine?
You will have to file in Illinois based upon the K-1 you will receive from the LLC. You will also have to report your income to ME. The tax you pay...
Cherry Hill, NJ
Tax Lawyer at Cherry Hill, NJ
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You will have to file in Illinois based upon the K-1 you will receive from the LLC. You will also have to report your income to ME. The tax you pay...
This is not a tax problem with the IRS (other than having to pay income tax on the gain.) It may be a local zoning and land use issue. This should...
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It is legal, but most banks will not allow you to open the account. Try. If you cannot do it, get an ITIN. I hope this helps! Ron Cappuccio
The Sixteenth Amendment to the US Constitution provides for the Income tax. I am sorry that you seem to be falling prey to the tax protester...
You should have your tax and business attorney form a limited liability company. The LLC should be treated as a disregarded entity rather than an S...
Yes, all adults should file a tax return every year. If you do not file a tax return, there is not limitation on the IRS auditing you for that...
No. Please stay away from the tax protest movement! You will only end up losing. Really, tax protestors loose. Ron Cappuccio
I am sorry for your loss. Usually, a loss on a personal residence is not deductible. There may be a planning opportunity if you were purchasing...
You are trading under the name of your company, so an Alternative Name Registration is not required. A Trademark or Service mark might be...
You are required to report the income on your 1040 and also to file a FBAR. You need the help of a tax attorney. Good luck! Ron Cappuccio