Yes, you need to charge FMV for services, even though this is a disregarded entity. Please discuss this with your tax and business...

How long can I extend the income tax filing? Is there any prison for not filing?

First, your extension is only good until October 15. Secondly, you must have paid the tax in full. You can be prosecuted for the failure to file...

Question about the parties/partners hoping to form and S corp together

Frankly, forming an S corporation will simply require more taxes and more accounting fees. Since you are licensed differently, it may be difficult...

Should I start with a tax accountant or tax lawyer?

The Failure to File taxes for 3 or more years has a presumption of "willfulness." This means you would be presumed guilty if you are criminally...

Do I need insurance for a home base business with less then 50 Independent Contractors? If so which one do I need?

First, you have some real legal questions: 1. Are these independent contractors or employees? 2. What is the best entity for tax and liability...

Beneficiaries of annuities outside of the parameters of an estate?

First, Death Certificates are easy to obtain. You can get a copy: http://www.nj.gov/health/vital/start.shtml Also, the Funeral Director may...

Got CP504 notice from IRS without any prior notice . I am not sure what to do next

First, read the IRS web site: http://www.irs.gov/Individuals/Understanding-your-CP504-Notice This means you have a balance due and the IRS...

What kind of lawyer should I be speaking with about managing legal protections and tax management/planning?

You need a good tax and business attorney familiar with Internet companies. You did not state the type of entity that you have, but I hope it is...

I'm a minor and a resident of NJ. My friends and I would like to start an LLC. Is this possible from a legal standpoint?

A good lawyer can help you and your friends. You should check out a local tax and business attorney. You will need the help of a parent or...

Employment Taxes, form 4180 Trust fund recovery penalty

It does not appear that you have liability from the facts stated. nevertheless, the reason for the interview is that your customer probably named...