Can II claim the interest from the mortgage I am on with my brother on my federal tax return?

You need to look at the Note and Mortgage. if you are obligated, then you should get a deduction. Best, Ron

What are the legal requirements for international investors/trust to invest in an LLC already established in Philadelphia?

The LLC can have a foreign Trust as a member/investor. They will need a HK attorney to make sure the Trust has internal authority to make the...

Taxes on wire transfers from foreign bank account to US bank account,

The transaction sounds like a gift, not income. Also, since it did not occur in the US, unless your Uncle is a US citizen or resident, he will not...

Yes, a Non-Disclosure Agreement can be between individuals. Please have your attorney draft it so it may be assigned to a LLC which is latter...

Usually, the IRS can collect for 10 years from the date of filing a tax return (or when it is due, whichever is later.) Things like bankruptcy,...

If I have office spaces and they are not being used are these a tax write off?

Yes, as long as they are held for rent and actually rented in the future

Do I need to foreign qualify my online magazine?

No, unless you have a salesman or physical presence, there is very little nexus (connection) with another State for tax purposes. May I suggest...

My mother died in August 2014 Can I or anyone of my siblings file for her income tax she recieved pension /social security.

If no one is appointed as an administrator of the estate, then the next of kin could file a 1040. You might want to consult a probate lawyer in the...

I own a company and someone wants to purchase just some of my client contracts, not the business.is this possible?

Yes, it is possible to sell a portion of your business or client list. This can be a little tricky for tax purposes, depending on your type of...

First, you should not be a sole proprietor. Definitely have your tax and business attorney establish a LLC for you, Secondly, your attorney can be...

Selected as the best answer