What is considered an employee on taxes?

The $260 sounds like a miscellaneous expense on your schedule C. You do not need to give your daughter a 1099 because the amount < $600. It is...

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A friend of mine in China owns a couple of factories. He wants to open up a business in the US and hire sales people in a few

First, you might need to consider a corporation because of your friends taxes. Secondly, hiring sales people creates nexus which would subject the...

What is the role or responsibility of a tax attorney during an audit appeal hearing?

Usually, the hearings are by telephone. Typically, I handle the entire hearing without my client's input. If there is a confusing fact, it may be...

TAX AUD PROCEEDURE? Would you wait for the irs, go to local irs office, amend 2013 now or wait as it may get selected too?

Go to a Tax Lawyer right away. Your description is not clear. You may have a Notice of deficiency or a Letter determination, both of which have...

Am I allowed to file single if I've only been married a few months of the year?

You were married on December 31 therefore you must file Married Filing Jointly or Married Filing Separately. Sorry, but you may suffer the...

No business activity

It is very simple. You were most likely a "disregarded entity" for tax purposes. That means you should file a Schedule C with your 1040. Since...

How do taxes work?

I have a different perspective. Since you are a DE corporation, and it sounds like it is solely internet based, you might be able to argue that it...

Can I sell a Car valued at approx $4000 and buy another car with a salvage title priced at $7000 with a Federal Tax Lien?

You can sell the car and buy another, Nevertheless, the IRS can potentially seize the car and other assets such as bank accounts. Please retain a...

Regarding LLC's

It is a "no-brainer". You definitely should keep the business real estate in a separate LLC. There is no tax cost for this in most states and the...

I inherited stock when my dad died worth 15K. I need to sell it and split it 5 ways. Do we have to pay taxes on the proceeds?

You only will pay taxes on the difference in value between the date of death and the date of sale since you would receive a stepped-up basis to the...