Changing from partnership business to LLC. Do I need to file any new forms with IRS? Also, do I need a new EIN?

Is there a reason to keep the EIN? If so, your tax and business attorney could form the LLC then merge the partnership into the LLC. Please...

What legal considerations does an Italian based company need to know before hiring a US based sales force or starting a JV in US

I suggest you go online and search this issue using Lexis or Westlaw. There are a number of available books and articles. Good luck with your...

First, YOU should always keep your tax returns. Secondly, the IRS maintains scanned copies of the returns. I have gotten transcript information...

Being Audit for deductions that I did not know my tax preparer filed

You need to retain a tax attorney right away. It sounds like your return may have been fraudulent, Please do not discuss this on forums. You want...

Can your partners in a business with an LLC, can your partners sell or close the company without all partners agreeing to do so?

The Operating Agreement spells out your rights as a member. If you do not have an Operating Agreement, then State law controls. You need a good...

I have switched to a new CPA to handle tax returns. I do not want old to have anything? Can I require he gets rid of my file?

No, your prior CPA must retain the returns to comply with IRS and State regulations. You can have the CPA give you all original documents. Good...

Is there a difference from a earned income tax credit when you have children and a child tax credit?

These are two different credits and are based upon income as well as the residency and support of your children. You should discuss this with your...

My brother owes the IRS and received a seizure & sale notice from the RO for the sale of his house. What are the remedies?

Please have your brother immediately contact a good tax attorney. It is very rare for the IRS to seize a primary residence. Something is wrong! ...

I received pension from my husband who passed away. I was in Colorado for less than 6 months, do I still need to pay income tax

Yes, you will need to file a tax return with the IRS and the State. Depending upon the amount of income received, you may not have tax due. ...

Can I get the a 709 debit against the 5 million life time exclusion erased in future years by taking action? 2nd time asked

No. If you would have divided this into 2 years, your problem would have been solved. That is why before you give substantial gifts, you should tax...