What is the best 'filing' for my business; LLC, S Corp, etc?

Usually a single member LLC (treated as a "disregarded entity") would be the best choice as you have described your business. Please talk to a good...

I have not filed my taxes in years! The IRS recently sent a letter, should I call them?

NO!!!!! IMMEDIATELY call a tax LAWYER, not a tax preparer nor accountant. You want to have attorney-client privilege, Remember, a failure to file...

Looking for advice on a career as a Tax Attorney. What other areas of law would compliment Tax Law?

First, I think you should do both - take the CPA exam and go to law school. CPAs are not necessarily tax accountants, but the credential is good....

Is a president (who does not own shares) of a privately held corp. allowed to give the corp. a loan (with interest) ? Is it self

It sounds like you are objecting to this, I am not sure why, but you should seek counsel if it is a problem. Otherwise, the Board of Directors can...

A new business and you closure other business. Therefore it would make the most sense to form a new entity. He described your business is writing...

Can I amend my tax from married filing jointly to single?

Yes, you will have to file as single or head of household. Remember, since you filed jointly, you and your girlfriend may still have joint and...

Who do we charge taxes as an online business?

First, why did your company choose to locate in California? That is a high tax and regulation State. You would definitely have to collect sales tax...

Is it possible to file for or ask the IRS for an extension in 2014 if you have not paid taxes in the previous 5 years?

STOP! Immediately speak with a tax LAWYER. DO not write questions on any more forums and do not speak to an accountant. You need attorney-client...

What benefits, if any do I receive if I hire an attorney to help me form an LLC?

First, a good tax and business lawyer can help decide the best State to form your business, what type of entity, and help define your other legal...

Should I I have two separate LLC's one for Rehabbing and one for Flipping?

Absolutely! This separates the construction liability from the actual ownership of the building. In addition, if you have a delay in selling and...