Also, how do I tell the IRS that I want to be taxed as C-corp? is it by filing my LLC tax return Form 1120?

First, as you probably now realize, it is a mistake to attempt to set-up a business without a good tax and business lawyer. Since you have not yet...

What options for protection are there for the officers and Board members within a non-profit organization in relation to TFRP?

First, I am glad you are asking the question. So many not-profits and their trustees "put their heads in the sand" and hope it will go away. You...

When money is borrowed it is not income to the borrower and when it is repaid it is not a deduction to the borrower or income to the lender. The...

Hi,

You will be married as of December 31 and therefore must file as Married Filing Separately or Married Filing Jointly. If it is advantageous for you...

Is a domestic software corp that derives income from a foreign corp structured soundly in a legal, tax and regulatory senses?

I do not believe the proposed structure is the most advantageous. A Limited Liability Company may be the best choice for the US entity since you...

If LLC was behind on either pay-roll tax with Federal or Sales tax with State DOR, can authorities go after my personal assets ?

Please, please, please hire a good tax and business attorney. You need to determine whether this business is viable. Secondly, you need to notify...

Why incorporate when I can form a limited liability partnership?

First, you probably mean a LLC, not LLP. Secondly, stop getting legal advice from friends. You need a good tax and business attorney to form you...

I think he will start the tax exemption if allowed by IRS. I will have no way of knowing until I get W-2..anything I can do?

You really need a good family counselor. The tax issues are simple, but it sounds like you need your marital issues resolved, I hope things get...

Can either the radius or time frame of non-competition stated in the contract be challenged, or amended at all?

Even though it can be challenged, the non-compete is for a short duration and a limited area (even though 10 mile from Haddonfield reaches into...

Any suggestions on how to proceed would be greatly appreciated. Thank you!!

This notice is typically when a person does not file. The IRS does a "Substitute for Return" which is based upon no deductions and any 1099s or...