Cherry Hill, NJ
Tax Lawyer at Cherry Hill, NJ
Practice Areas: Tax, Estate Planning ... +5 more
First, I presume you want to set up a limited liability company in Delaware in order to have a US business. When you do that, you are subject to...
Yes, this could be taxable income. The income is the amount received minus your basis in the asset. Please check with a good tax lawyer for a...
You must file the tax returns! Every adult should file a tax return every year, even if there is no income, just to start the statute of...
Yes, the corporation must file a 1120S and the State returns every year. First, the Statute of Limitations on audits (3 years) and collections (10...
The answer depends upon the specific terms of the Partnership Agreement. Under New Jersey law, the partners are presumed to be able to take most...
The standard answer is $14k per receipient. If the giver is married, there can be a joint gift of $28k. In addition, if the giver had not used the...
You should speak with a tax and business attorney to determine whether or not a sole proprietorship is a wise decision for operating your business....
Yes, you must file the tax return for 2012! I explain repeatedly every adult should file a tax return every year, even if there is little income,...
Family LLCs are great ies for tax, business and estate planning. I think your attorney is leading you in the right direction. You should have a...
If you are a sole proprietor, then you would file a Schedule C with your 1040. You should pay quarterly estimated taxes. If you own a LLC that is a...