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I have an LLC and I haven't files taxes in a couple of years for my company, what do i need to do to get all of this stuff strai
Ronald's answer
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Answered on December 13, 2014
First, your LLC is probably a disregarded entity for tax purposes. That mean you need to file a Schedule C with your 1040. If it is only 2 years...
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I have a single member disregarded entity LLC in MD. I now live in PA. If I keep the llc in MD do I need to pay nonresident tax
Ronald's answer
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Answered on December 12, 2014
The answer is not as hard as you think. You need to hire a good tax and business attorney to form a Pennsylvania LLC. Then you can merge your...
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We are 80yrs old, can we give 10K each to our 3 kids and 6 grandkids without report to IRS
Ronald's answer
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Answered on December 11, 2014
This does not seem like a good idea since you have limited income and savings. You can give $14k per donor to each recipient. Please consult a good...
Why does IRS paperwork for EIN say accountants name?
Ronald's answer
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Answered on December 11, 2014
No, this does not sound like a "trick." Normally, you should have an attorney form your business so it is done right. You should check with a NY...
3 member LLC without operating agreement.
Ronald's answer
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Answered on December 11, 2014
Unfortunately, you are stuck with the default provisions of the LLC law in the State of formation. Without an Operating Agreement, you may have...
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What should i do to buy a business
Ronald's answer
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Answered on December 11, 2014
This is something that requires a good tax and business attorney. The last thing you want is to be involved in litigation between the LLC...
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Foreign investors in lp
Ronald's answer
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Answered on December 11, 2014
Yes, non-US personas can own business interests in the US. This includes LP interested. They would receive a K-1 from the Partnership and would...
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Does an LLC protect my personal assets from business related suits
Ronald's answer
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Answered on December 11, 2014
No, since you personally performed professional services, you would normally have liability. Why did your malpractice carrier not cover this? You...
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Re: My LLC, registered in MA. paying annually MA.tax 40,000. Could benefit by registering LLC in non tax state?
Ronald's answer
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Answered on December 11, 2014
You definitely need to review this with a good tax and business lawyer. Since these matters are so fact specific, general answers are not too...
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How do I deal with the taxation ramifications of losses from an investment fraud (Ponzi scheme)?
Ronald's answer
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Answered on December 11, 2014
I am sorry for your loss. Generally, business deals that seem too good to be true usually are not true.
You should gather all of your documents...