IRS Problem: I recently received 13 letters from the IRS regarding not filing Forms 940 and 941 from 2009-2011.

You did not state whether you are a LLC or Corporation. If you are operating as corporation, you will need to pay yourself a salary. I hope this...

Sub: Drafting agreement for a LLC Company ownership share

You need to hire a good tax and business attorney to draft a revised operating agreement and the agreement of sale and resolutions. You did not...

When homeowner sells a home in installment payments (in course of 2 years) can he use 250,000 exclusion in the first year?

You can use the exclusion but it is based upon the installment method. This means that you will have to multiply the exclusion by the ratio of...

I have a PA LLC and all work is currently done in PA. What do I need to be aware of when working for international clients?

Unless you are actually performing services in Australia, and display to be very hard for them to claim "nexus". That means that since you have no...

A niece continues to go to tax assessor's office and change information to have tax notice sent to her address.

You need to hire a good probate attorney to handle this matter. Normally the Will, if there was one, with specified an executor of the estate. ...

How do I find a lawyer who has experience representing trust beneficiaries?

These matters take place in the Superior Court, Chancery Division, Probate Part in the County where the the Trustee is resident. So the first...

Please explain the difference between making your small business as LLC or having liability insurance and NOT LLC

You should have your tax and business attorney form a LLC. This is the first line of protection for your personal assets. You should also have good...

What is penalty for claiming 2children that don't live with their father never stay at his home on his tax return

Mr. Zelinger is right. The IRS has 2 tests - one for the number of days actually living with the parent and the other is providing more than half...

If a company doing business in CA has only taken in investor money, but no revenue, are they still required to file taxes?

Absolutely! If it is a corporation, an 1120 needs to be filed (1120S if s election). If a multi-member LLC, a 1065. Please discuss this with yor...

You need to talk with a good business attorney in your area. Let the attorney respond to their threats! Obviously, stop wasting money on those...

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