My husband formed an LLC 15 years ago (we're married for 25 years in Virginia). We filed separate tax returns for 3 yrs after.

Please make sure you hire a good family law lawyer that has knowledge about business and tax transactions. The LLC would be subject to equitable...

Can a 1099 be filled out without an EIN and SSN?

This does not seem right. Typically a 1099 is filed by a business. I suggest you speak with a tax attorney or CPA about this. Good luck! Ron...

I just received 50,000 from my dead sister. It came from the sale of her stocks. How much tax do i pay?

It depends on how that stock was transferred. If it is at the same value as of the date of her death, then there would be no gain or loss. If the...

Hi, Please explain to me the implication of a lawyer sending me a form 1099C, as I refused to pay final 20% due to poor job.

The lawyer would be required to file a 1099 C if the law firm is on the accrual basis for accounting purposes. The accrual basis means the attorney...

On a noncollectable federal tax debt can a person make an offer for less and what are the chances of getting it approved

You are quite fortunate to have non-collectible status. Please don't rune this by doing anything. As long as you file your returns timely and pay...

If a Tax Year is audited and the following Tax year is cited on appeal as supporting documentation of the previous year.

If the statute of limitations is open, the IRS can audit all open years. This is true whether you cite it to the auditor are not. Usually it is...

How do I file for an EIN tax ID# in Florida?

You are making a fundamental mistake. When you set up a multimember LLC it is very flexible and should be done by an attorney. Your tax and...

I will be not working for whole 2015 here and any other country .Do I still to have to file income tax return?

If you are a US citizen or a green card holder, you're required to file a tax return every year if you want the statute of limitations to run. The...

Hi, I owe back taxes for 3 years(state&federal) which i am already on pmt plans for both. I wanted to know if there's any way to

Your best bet is to speak with a tax attorney to review the specifics of your matter. For example, if the taxes have been filed for more than three...

Need tax attorney

There is no penalty for a withdrawal from a 457 retirement plan since it is a nonqualified plan. Nevertheless, the amount withdrawn is added to...

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