US Company wants to open Hong Kong entity. Will the entity be under company or be separate ?

First, what is the purpose of the HK corporation? Are you doing international transactions? If the US entity is a LLC treated as Partnership...

Penalties for failing to pay a tax levy

It sounds like the IRS simply levied the balance of the account. You do not pay an extra penalty because the account did not have the full amount...

Starting a non-profit LLC in Illinois to provide affordable housing for low-income families. Do I need an LLC or LLC Series?

PLEASE, PLEASE , PLEASE speak with a tax attorney familiar with non-profit law. THis is a very complex field and is much more difficult than...

Do any of you good Attorneys know of any agency near Philadelphia area who help negotiate IRS Debt,

FIrst, as the other answers said, you need a Tax Attorney experienced in tax controversies. If the IRS debt is for personal (1040) taxes, is it...

Using same Name for Company in NJ but different industry, could this potentially cause legal issues?

Absolutely a problem.! In fact, if the name is the same or very similar to an existing corporation or LLC you may not be able to have it registered...

Selected as the best answer

Please hire a good tax and business attorney to form your business. Typically, a Limited Liability Company is the best choice for a one person...

I got a letter from the IRS "Final notice of intent to levy and notice of right to a hearing". What do I do?

The IRS sends this after it has sent 3 other collection letters. The next action will be a wage garnishment, banks levy, or attempt to seize...

I am a US citizen/resident looking to incorporate a business with a Canadian citizen/resident. What corporate structure?

I am presuming the business will be in the US. Most likely, a Limited Liability Company would be the best choice of entity. It would be treated as...

The irs is going to garnish my wages . I haven't paid my taxes in 5 years is there a way to stop the garnishment

You need a good tax attorney to negotiate with the IRS. Presuming you have FILED your tax returns, your tax attorney can negotiate an Installment...

My husband owes the IRS way more than he can afford to payoff he is on a payment plan. Are there other options to settle?

Yes, a tax attorney should be your first stop. Rather than an installment agreement, you may qualify for an Offer In Compromise. Also, depending...