TAX ATTORNEY

If you ask a question describing some of the issues, we could answer. Good luck! Ron Cappuccio

Need advice on tax write-off of a worthless stock that isn't delisted but can't be sold due to a trading halt in March 2015.

It sounds like the stock became worthless in March. You do not have to sell the stock in order to get the deduction if the company is defunct. You...

How does the IRS determine the value of a small business llc (one member only) for estate purposes

Determining the FMV of a business for estate purposes can be difficult. First, you said it is a single member LLC. Do you have employees or do you...

If you own multiple Limited Liability Companies, do you apply for a new Employer Identification Number for each one?

Yes, you should have a separate EIN for each LLC. This way they can have separate bank accounts and limit cross-liability. Please see a good tax...

If you recently closed your business, that address is no longer valid for recieving important letters , do you need to update

Updating is great and typically required. Nevertheless, the smart thing is to set up a new PO Box and have a postal forwarding order for the mail....

Do I need to register my Pennsylvania LLC with New Jersey as a foreign LLC?

No. Since the properties are in PA you should have the LLC only registered in PA. Please discuss this with your tax and business attorney. I...

Is it legal for a business owner to plant someone in his own business to do reconnaissance without informing his employees

Yes, it is legal. You should definitely consult with your lawyer to review the parameters of what the investigator is going to do. If you find a...

Will I be able to write off my business expenses in my personal tax returns?

If you have a sole proprietorship or a single member LLC, you would file a Schedule C on your 1040. If you are any employee, un-reimbursed business...

Need to Setup LLC in USA for business of computer support and software

First, you might want to consider having a good tax and business attorney form the entity, A "C" or regular corporation may be a better choice of...

I understand your concern but this letter is truly harmless. It just states they have received something from someone about something. Wait another...