Have a question regarding employment and tax law in Maryland. Question is regarding hiring sub-contractors on 1099 and taxes

This is a very hot issue with the IRS. It is very fact specific. I have dealt with these issues both in audit and planning. You really need a good...

If I haven't filed in 14 years & I call the IRS to ask for Hardship/Offer in Compromise, will they require I file all the years?

STOP!!!!! DO NOT CALL THE IRS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Call a tax LAWYER right away. You want to preserve attorney-client...

Establishing tax residency in Puerto Rico

This is tricky. A good tax lawyer can design a plan to help you. I hope this helps! Ron Cappuccio

Can they ask your company financials for sales tax audit?

Yes, the auditor is looking for purchases that you did not pay sales tax. You would then owe Use tax. Please retain a tax attorney today! I hope...

My wife files her tax returns each year ,if we divorce will this affect her tax return status when the divorce is final.

if you are divorced by December 31 you are considered single. You and your soon to be ex can file as single or possibly head of household. I...

I am contacting you is for further information regarding the purchasing of my vested stock options and the tax implications.

First, please do not publish specif information on these forums. The gain on the stock will be ordinary income unless elected to treat it as income...

Does intent of a trust depend on the grantor or on the author/funder of the trust? I signed as grantor of an irrevocable trust;

This seems a little odd. Normally Trusts have either required distributions or discretionary distributions. Until you retain a good tax and estate...

We just purchased an income property in CA. Would forming an LLC give me some tax and asset protection?

First, a LLC in CA would give you some asset protection. Unfortunately, there is no tax savings. If you already purchased the property, the...

First, Florida has some difficult LLC laws and I am not sure why you want to be a Florida LLC when you are businesses in Michigan. Since you are...

This could be a problem and could result in you having to file federal and state tax returns. You did not indicate whether or not you formed a...