Got a letter from IRS for showing the proofs?

You are being audited. This is called an "Office Audit" and is typically handled by a "Technical Examiner." You should retain a tax lawyer to...

I am glad that this was addressed by a Massachusetts player. You should know that only some states have tendencies by the entireties. The state I...

How do I make myself a full 1099?

If you have the option to be an independent contractor rather than an employee you should definitely explore every way possible to take advantage...

If you are a cash basis taxpayer, and the fee is non-refundable, and it is otherwise deductible, you should take the deduction in the year of...

Does the IRS file lawsuits without sending any letters?

This is a total scam! Do not return telephone calls to any of these numbers as they are phony. The IRS will never say "pay money or we will arrest...

Can the IRS say you owe money on an estate years after a house is sold?

I know you are not going to like this, but the accountant seems to have given your sister the appropriate advice. When a final tax return is filed,...

As a real estate sales agent what entity would be best to set up?

If you are planning to set up a real estate brokerage, then a limited liability company would probably be your best choice. This would give you the...

Do I need to report proceeds from real estate transactions when i sold my house in my income tax next year?

You will receive a 1099s from the title company for the balance of money received from the sale. But, because of the $250,000 exemption amount, you...

You are mistaken. A New Jersey LLC can have "Alternate Names." A DBA is only for a sole proprietorship or Partnership. You should have your tax and...

Yes, you can create and modify an Operating Agreement as needed. I suggest you speak with your tax and business attorney. Good luck! Ron...