Why the state of new jersey of taxation keeps auditing me for different years

Usually, when the State of NJ Division of Taxation does an audit, the Auditor has the discretion to open all years that have not expired by the...

Is there a law that requires distribution of profits or dividends annually or quarterly?

Even though you are not required to make actual distributions, the profit (and loss) passes-through from the Corporation to the shareholders. Each...

If I loan the money to some one overseas, is it taxable?

Under US Law a loan is not taxable income to the recipient and the repayment is not income to you. Any interest paid would be income to you. You...

Tax on foreclosed property

First, I hope this is not a tax class question. Second, I hope this is not for a 2013 transaction that you need to file tomorrow. Third, please...

No. The divorce decree does not prevent the IRS from collecting taxes from you. Please call your divorce attorney to have the order enforced...

This is a very strange question. If you are concerned about someone else's business, why? If you think this is criminal, seek counsel. Ron...

Disposing of Assets

This sounds like a potential family issue as many times estates bring our differences in siblings. First, what is the value of the time share? If...

WIll there be any Tax exemption or what will be the tax ratio on the online Business operated from some other country?

When you opened a business in the US, your business becomes subject to State and Federal Tax. This is going to be a problem. The better move would...

Helping spouse's LLC- implications for corporate veil.

Absolutely not! You do not want to be a member, officer, or employee. This way, if an action is taken it will be against the LLC . You do not want...

Irs is taking little over half of my pay check is there any way to stop them from doing it I cant live like this

You did not say what you owe the IRS and whether it is for 1040 Income Tax or other taxes. Depending upon your income and assets, you may qualify...