For tax purpose, if I do free lance photograpy, an earned $1000- $2000 for the year, do I have to report it? or have a Ein #?

You are a sole proprietor and do not need a separate EIN (although that may be a good idea.) In any case, you need to file a Schedule C with your...

How should I structure my commodity business?

First, this is truly a legal issue and a CPA does not have the training nor knowledge (unless the person is also a lawyer) for this. Most likely,...

If a partnership is an entity is only one of the partners too?

No, the partnership is located where it was formed and does business, Typically, you would file a business name filing. The real issue is why are...

What is the right way to open up a partnership between a US Resident & Indian Citizen, where Indian- 50% Owns & US - 50% of LLC?

You can certainly open a LLC and have the US residence be members in the LLC. Most likely you are going to want to have your ownership in a...

Presuming you are a cash basis taxpayer, and it is for business purposes, the legal fees would be deductible when paid, not when the services are...

Stock market business

You have a really complicated question that requires tax, business and SEC knowledge. First I took a look at the TradeNet website. If you read the...

If if you have a member-managed LLC, and the member would sign. If you have a manager-managed LLC, then a manager could sign the tax returns. You...

There is no reason to register your business in Florida or any other state. It is fully online and this registered in a foreign country, Belize. As...

Is the bank legally allowed to take my tax refund?

Yes, the bank has the right of "set off" and so they can apply your refund the balance you owe. You should try to square up this negative balance...

Can I claim lost rent as an other expense ?

No, since you did not take it into income it could not be considered a loss or other expense. If you are running a business on an accrual basis and...