Do I need responsible for the lawsuit ? If lease is under my personal name, but the business is under my friend's name?

If the lease was for a vehicle that was in an accident, then you could have personal liability. It is generally not a good idea to sign for leases...

Can I be sued for reviewing a service or site very negatively on yelp.com or any other site?

It is possible. All of the statements you make are subject to the general laws of libel/slander. If the statement made is clearly an opinion (such...

How much money can I send to my mother without paying gift tax?

In addition to the $14k annual exclusion, you can use your lifetime exemption if you file a Gift Tax Return. Check this with a good estate tax...

My father recently passed owing some $60k in federal taxes. Is the estate responsible for the remaining bill?

Immediately hire a local tax and estate planning lawyer. The estate may be insolvent and the lawyer can help you. Also, the IRA typically passes...

Did your friend contact the Company. They may have made a mistake on the EIN. If the name is correct and the SS# or EIN is correct, your friend may...

In 2012 both my parents turned 65 and they received social security benefits. Should they file tax return?

You parents must file tax returns! I explain repeatedly every adult should file a tax return every year, even if there is no income, just to start...

If a single person dies leaving no assets and less than $1,000 in the bank, does a final tax return need to be filed?

The technical answer is "no" but the smart answer is "yes". Even if there is no income, a final income tax return should be filed just to start...

I formed a corporation

You first mistake was trying to organize the business without obtaining proper tax and business law advice from an attorney. Because you do not...

Firm with foreigner....best type?

I know you would like a simple answer, but there really isn't any. If the foreign owner is getting the equity interest through a Corporation, then...

Husband refuses to pay property taxes. Has moved to CT. Is he liable to pay?

Please consult with a local family law lawyer right away. I hope things get better. Ron Cappuccio