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2 directors of my S-Corp are withholding disbursements for 1 1/2 years, now I can't pay my personal taxes owed on that $, help!
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Answered on December 05, 2013
This is a perfect corporate "squeeze-out" technique. Frankly, you need to hire a good business lawyer to help you. First your attorney will analyze...
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NJ Registered LLC buying property in Missouri, does this entity needs to be registered as a foreign corp in Missouri??.
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Answered on December 03, 2013
The smarter move may be to set up a separate LLC in Missouri. There is no reason to have the New Jersey LLC register as a foreign LLC in Missouri...
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We have an IRS lien on our property for back payroll taxes. My question is can the IRS seize my home which is our primary
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Answered on December 02, 2013
Typically, the IRS does not actually seize your primary residence. The IRS will file a federal tax lien which will make it impossible for you to...
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I am 1 member of a musical band that has 4 people. The band is registered as a LLC in Georgia.
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Answered on December 02, 2013
You need to have your attorney draft an Operating Agreement with 2 classes of membership interest- one for control and one for distribution of...
Archived
VA age 70 ..Can the IRS put a lien on my property that is in my name and my brothers?
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Answered on December 02, 2013
The IRS can put a lien on any real estate that you own, even if it is jointly with a friend or relative. I suggest if you are going to have joint...
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The IRS sent us a "Final Notice of Intent to Lien"...for a business that we owned with a partner and closed in 2002.
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Answered on December 01, 2013
Unfortunately, if a tax return is not filed, the statute of limitations never starts to run. I believe there is some confusion. It was probably a...
I am 50% owner of a partnership LLC in NJ and want to leave the business. How do I go about doing this
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Answered on December 01, 2013
Yes, you definitely should have a tax and business attorney to represent your interests. No one can give you an answer without looking at the...
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Tax audit says we owe a LOT of money. Supposed to sign agreement papers or file formal protest by Dec. 6. Is this required?
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Answered on November 27, 2013
I totally disagree with the advice you have been given. IMMEDIATELY hire a tax attorney experienced in tax audits and controversies. A Protest...
I rented a commercial space under a sub lease for a restaurant business in NJ. The business is doing poorly and I want out.
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Answered on November 26, 2013
Did you PERSONALLY sign it or did your lawyer form a Limited Liability Company? If you personally signed the sublease, you may be liable, depending...
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I didnt file tax in 2010, but i did for 2011 and 2012, need i my 2010 income figure . I dont owe the IRS
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Answered on November 23, 2013
You must file the tax returns! I explain repeatedly every adult should file a tax return every year, even if there is no income, just to start the...
