Archived
Trust agreement Article XII: "This trust shall be IRREVOCABLE." Does INITIAL funding of irrevocable trust constitute a gift to
Ronald's answer
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Answered on October 06, 2014
You really need a good tax and estate attorney. First, you have to consider the issue of whether challenging the Trust could result in it losing...
Archived
In NJ, which court has jurisdiction over IRREVOCABLE trusts: forcing a trustee to make an accounting, amending trust documents
Ronald's answer
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Answered on October 06, 2014
The Superior Court of New Jersey, Chancery Division, Probate Part for the County of residence. This is a complicated matter and you should engage a...
Archived
I need a tax attorney ASAP. For false claims in income taxes filed
Ronald's answer
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Answered on October 04, 2014
If you filed a false return, this could be criminal. Please stop writing on public forums. Call a good tax and business lawyer on Monday.
Good...
Archived
I got cheated and scammed by my business partner.can I get my money back and sue him
Ronald's answer
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Answered on October 04, 2014
It all depends. Hopefully, you had a good tax and business attorney represent your interest in forming the business. If you have a LLC Operating...
Archived
Using American Buffalo Gold Coins to avoid gift tax?
Ronald's answer
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Answered on October 02, 2014
Nice try! The gift is the Fair Market Value of the coins, not their face value. Why don't you talk to a good tax and estate attorney to help you...
Archived
LLC or C-Corp to an S-Corp?
Ronald's answer
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Answered on October 02, 2014
The best choice is a LLC because it gives you flexibility and liability protection. I am concerned about the independent contractor issue. The IRS...
Archived
Can I operate more than one business under my LLC?
Ronald's answer
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Answered on September 30, 2014
You can do it, but why. It sounds like a completely different business. Why do you want cross liability.
Also, setting up a LLC to be taxed as a...
Archived
My mom gave me a car a few years ago. Do I have to pay income tax when I sell it?
Ronald's answer
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Answered on September 30, 2014
There would be no income tax unless the car is sold at a gain. If the car was a business vehicle, she may have depreciated it and there may be tax...
Archived
Is it permissible to file taxes separately to avoid paying tax return to bankruptcy trustee?
Ronald's answer
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Answered on September 30, 2014
You are permitted to file as married filing separately. Your husband cannot be forced to file jointly.
Remember to file by October 15.
Good...
Archived
Hi, We need help in registering our company in NJ
Ronald's answer
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Answered on September 29, 2014
You need a good tax and business lawyer, Typically, a Limited Liability Company is the best choice of entity. But, depending on your specific...