Actually, a Will does not need to be notarized in NJ. The important reason for notarizing the Will (with the correct language) is that it is...

I am a little confused by your question and the timing of your marriage. For tax purposes you must be married on December 31st of the year in...

Statue of limitations on state tax????

the statute of limitations only starts after you have filed a tax return. If you did not file a tax return the IRS can collect forever. Please...

I want to start a small, single-party LLC company with my name as the business name. What is required?

First, setting up a limited liability company is a good idea as an additional layer of protection for your personal assets. Nevertheless, I do not...

I have provided the IRS an extracted copy of my 2011 Quickbooks file. They are demanding my entire file. What are my options ?

You need to IMMEDIATELY hire a tax lawyer! If the IRS has issued a Summons, this audit is a problem and you cannot handle this yourself. Ron...

Never filed taxes before

Be polite but state that you do not have them. It is a strange request for the employer. Also, you should file tax returns for the past years. I...

Does an 87 year old woman (widow) who is selling her home of 50 years have to pay capital gains tax if not buying another home?

No, she is entitled to the $250k exemption on gain, so her $75k gain would not be taxable for US income Tax (there may be State tax.) Good...

I am buying a business. My business is a single member LLC. Can capital contribution be structured as loan to the LLC from Me?

Please, Please, Please hire a good tax and business lawyer. Having a LLC taxed as an S corp is usually not good idea. You need a lawyer to...

2 mbr LLC closed in 2012. IRS levy on bus. acct. received. Can IRS levy personal property?

You did not say what kind of taxes are owed. If you have a 2 member LLC it was probably treated as a partnership for tax purposes and the income...

I just started my own my own business,it is a LLC.Am i considered self employed?

A limited liability company is presumed to be a "disregarded entities" for tax purposes. That means if you are a sole owner of the LLC, you would...