What should i do?

First, you might not know all of the facts and the person may not be committing a crime. I suggest you talk to a tax attorney to review this. I...

Does From 3520 apply if you receive $240,000.00 in foreign gifts from three relatives all in denominations of less the $100k?

Probably yes. It depends on the "relationship" between the donors and you. For example, parents, grandparents, siblings are all related. You should...

I would like to incorporate as an LLC w/ S-Corp tax designation in either Delaware or New Jersey.

First, electing S corporation status is generally not wise for Investment Properties. The LLC is far more flexible and would probably be better...

If it is a single member LLC,, disregarded entity, you can have an Agreement and transfer the membership interest. If you file a joint return,...

Forming an LLC with a few partners but a member lives Overseas.

Yes, you can have a non-US resident member of the LLC. The non-resident may want to own the interest differently than the US members. You...

Filed for a LLC and EIN in California...now what?

The Operating Agreement is not a "Standard Form." It should be drafted to meet the needs of you and the fellow members of your LLC. What you have...

Does an S-Corporation have to file a tax return even with no income?

Yes. Corporations should file a tax return every year even if it is "0". This starts the statute of limitations for audits and collections. I...

Federal taxes

Please hire a good tax attorney familiar with tax controversies. You really need an expert. When you have defaulted on an Installment Agreement,...

Hello, I'm getting conflicting information on how to add a full partner to an NJ LLC.

First, you are talking about a little complicated items. You probably will want a Manger-managed LLC. This would require a new operating agreement....

Can No -show County Level Appeal - loosing due to not showing up be Taken to New Jersey Higher Court as if it was a heard case

No. Under most circumstances, you cannot appeal to NJ Tax Court if your appeal is dismissed for non-prosecution. Also, if the Tax Assessor presents...