Archived
If I give my two partners (not family) some of my shares ($250K value) in our LLC can it be tax free by using the Estate & Gift
Ronald's answer
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Answered on January 06, 2015
Presuming your estate is <$5.3 mil, you can do this free of Federal Gift Tax. Please talk to your tax and estate attorney so it is set-up...
Archived
Taxes for 2014? If I had no income yet incurred medical/dental/vision & had no insurance is it necessary to file taxes?
Ronald's answer
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Answered on January 06, 2015
You should definitely file a tax return.This will start the Statute of Limitations on IRS audits and collections.
Ron Cappuccio
Archived
Do we have to claim rent on our taxes?
Ronald's answer
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Answered on January 06, 2015
Yes, the rent is income. The rent and expenses are reported on your 1040 Schedule E. Please have your tax return prepared by a professional.
Ron...
Archived
Where we should form llc?
Ronald's answer
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Answered on January 06, 2015
First, you do not have to be a US citizen or resident to sign contracts in the US. Therefore, you could have the Manager or Managing Member sign...
Archived
My husband and I are getting our Tax refund and he wants to get it direct deposit into HIS bank account. The problem is..
Ronald's answer
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Answered on January 06, 2015
If you are not on the account and your SS# is not on the account, it would be hard for a creditor to argue that it is your money. Please check this...
Archived
Is it legal for an online company to hold your commission payment until you reach a certain dollar amount?
Ronald's answer
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Answered on January 06, 2015
I looked for SSA Stores contract and I could not find it. You will need to consult with an attorney to review the contract. Did you consider...
How founders of a c-corp can report/show and be reimbursed for their incorporation-related expenses?
Ronald's answer
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Answered on January 05, 2015
Organizational expenses typically are not a deduction, but the other expenses should be deducted when paid on the 1120. This might create a loss...
Archived
Is a savings account income for an LLC.
Ronald's answer
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Answered on January 05, 2015
It sounds like you make just a few dollars a year in interest. Even though you are not required to file, a simple 1065 would start the Statute of...
Archived
How can i file taxes for 2012 2013 when i dont have either 1099 or w2
Ronald's answer
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Answered on January 05, 2015
Just because you worked for cash does not mean that you did not have taxable income. You should have a good CPA or professional tax preparer work...
Archived
MD tax on LLC registered and doing business in another state
Ronald's answer
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Answered on January 05, 2015
Yes, if the LLC is a disregarded entity for tax purposes, you would file the Schedule C - Profit and Loss from Business on your 1040. You would pay...