Unfortunately, you decided to save money by not having an attorney set up the LLC in the right way. Without an operating agreement, you are under...

If someone got a $6,000 tax refund, what's that smallest amount of money they could have made?

No, you cannot determine his income from the amount of his refund. For example, he may have claimed zero deductions and had additional money...

You are self-employed and therefore you need to file a schedule C or a schedule C – EZ on your 1040. You can deduct the reasonable and necessary...

From the fact you provided, I am not sure what would be the best situation. You do not have to form the LLC in your home particularly if all of the...

Is it prudent to give a small percentage of my business to my son to qualify as a multi-member LLC?

First, although a multi-member LLC can be better for asset protection, since you son is not part of the business, having him as a member just...

File an extension and pay the balance due with the extension. Please contact a tax attorney to discuss your return. Do not speak to the IRS because...

Tax consequences of walking away from commercial property (NO MORTAGE)?

Your premise does not sound correct. You cannot depreciate land, therefore you have some basis in the property. Even with depreciation recapture,...

How do i make by business LLC

1st, if your business is an ongoing entity, it will be more work than setting up an LLC originally. For example you may have leases and other...

How can I protect my self and my newly formed company from getting sued?

Because your company is the one publishing the app, you will be liable. There also may be liability for the company doing the coding, but you will...

Which jurisdiction If action to be taken against a Trustee?

the Trust Agreement should state the jurisdiction. Have your attorney review it. Good luck! Ron Cappuccio