Selling investment property to settle lawsuit.

Yes, when you sell the property it will be subject to capital gains tax. Nevertheless, depending on the nature of the lawsuit, there may be a...

Who is better to represent you in an IRS Audit Reconsideration -- an attorney, or a CPA?

The wisest move is to have a good tax attorney represent you in the audit. Typically, your company's CPA or accountant will work on the information...

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I defaulted on back tax agreement. How to set up a new agreement.

Don't call the IRS! The Statute of Limitations may have run in some of the taxes. Please retain a tax attorney that can review this with...

Do you need to register to do business outside your state if you are using an external fulfillment warehouse?

First, a LLC may be better than a corporation. Secondly, the warehouse State may claim tax "nexus." Frankly, you should set-up a multi-owner...

Can a business officer of a C Corp, be sued personally by an independent contractor for the C Corp?

It sounds like the person is claiming to be an employee. Most likely, a claim will be made with the NJ Department of Labor. You should get a good...

Do I need to declare investments/return in municipal tax liens on tax return

At this point there is no income so you do not need to report it on an accrual basis. When you receive payment or for close, that will be a taxable...

I want to have a sales force located in about 25 states, but I do not want to register my LLC in all 25 states.

You are touching the hottest issue in tax law. Each state will want to claim "nexus" with your business. They will require you to register, pay...

Can my portion of an LLC be transferred over to my wife?

The smarter mover would be to discuss this with the other member. He may not want to be in business with your wife. Why create a problem? Good...

Real estate agent - taxes? Do I have to use the estimated taxes and pay quarterly?

Yes, you should file quarterly estimated taxes. Remember, you have to pay FICA (Social Security and Medicare Tax - 15.3%) as part of your income...

Do I need to file a DBA in all states or just the state I incorporated in?

In NJ you will file an Alternatate Name Registration, not a DBA. Also, depending on exactly what the other businesses do, you may need separate...