You should definitely retain a good tax and business attorney. Probably you will need a LLC set-up. Your attorney will also discuss regulations and...

Can I claim tax loss on sale of property bought with a friend

How did you treat this on your tax return for the past several years. Where the income and expenses listed on the 1040 Schedule E. If so, then you...

Would members/partners in an agreement be considered owners if there is no ownership interest in the operating agreement

Was this a self-prepared Operating Agreement or was it prepared by a lawyer? You should contact the lawyer who prepared it because you may simply...

Should i keep my business LLC open until payment is received?

Typically, the LLC should be kept open. Nevertheless, the LLC can assign the debt to you personally. Since this was a construction matter, and...

2013 Tax fees- joint filed taxes with my ex-husband; who needs to pay

First, you should have spoken to your divorce lawyer PRIOR to filing jointly. Each person is jointly and severally liable for 100% to the IRS. I...

My case started with an IRS special investigator in 2005, then was turned over to a Revenue Officer(RO) in 2007. He filed 100%

Retain an experienced tax controversy attorney right away! I am concerned that the matter started out as criminal. It is also odd the RO showed up...

Howdy I'm producing a music album. Profits will go to me and also to multiple charities. What legal structure should I become?

Please engage a good tax and business attorney. Setting up a business the right way takes planning and experience Good luck in your new...

Do i need to apply EIN again?

First, your question does not seem to have the right facts. A business can open a bank account in any State without being authorized to do business...

I have a serious tax debt from previous marriage would like to settle issue and move on with my life. Not sure how to handle.

Please retain a good tax lawyer. You will need to show the tax returns, divorce papers and IRS notices to your attorney. Good luck! Ron...

I have a single member LLC in NY and seeking to file Articles of Dissolution voluntarily.

If you are thinking about restarting the LLC why would you want to dissolve it? The annual filing fee is small and if you are not doing business...

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