If a nonprofit contributes to an individual on your behalf, can I deduct that contribution?
Most likely, no. It would be very hard to set up such a non-profit. That does not mean that if there were a scholarship program and one year a...
Cherry Hill, NJ
Tax Lawyer at Cherry Hill, NJ
Practice Areas: Tax, Estate Planning ... +5 more
Most likely, no. It would be very hard to set up such a non-profit. That does not mean that if there were a scholarship program and one year a...
The business does not have to be registered in the US if it does not do business in the US. Nevertheless, you must pay income tax on any income....
I think this is a poor idea. The reason for the LLC is to Limit Liability. WHy would you want to combine the liability of both separate businesses...
First, the location of the business depends on the type of business. If it is an online company there is greater flexibility than "brick and...
You need to keep records of your losses. This way, when you report the winnings you can deduct the losses. The IRS gets reports from the Casino's...
You should have an address where you regularly receive mail. If you have the rental property address, the tenants may discard any letters. I...
You need to file a 1099 for independent contractors. Usually, the contractor should have an EIN; if not use their SS #/ You obtain the information...
First, congratulations on the success of your book. The royalty income will be ordinary income this year and will add to your other income. You...
If you are doing tax, labor, etc, the only way the attorney can communicate with the government is by SS#. For example, the IRS requires it on the...
First, your new business should be set-up as an LLC or corporation for some liability protections. Since your existing business is already a...