Archived
Is my wife, who is from Uruguay and has a green card, required to pay gift or income tax on a $95,000 gift from her father?
Ronald's answer
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Answered on April 18, 2013
No, your wife does not have to pay gift tax on this. Gift tax is payable by the giver not the recipient. Since your father-in-law in not a US...
Archived
Can an IRS tax lien be removed from my property after a Revenue Officer closed the case as uncollectable?
Ronald's answer
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Answered on April 18, 2013
Generally, the answer is "no". Since this matter has been listed as "uncollectable" this means the IRS will no try collection activities for 2...
Archived
How to partner up in a business
Ronald's answer
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Answered on April 16, 2013
You need a tax and business lawyer. I have experience establishing tax preparation businesses and they can be very tricky. The knowledge you have...
Archived
What are the legal implications if a one-person Pennsylvania LLC is managed by members versus managers?
Ronald's answer
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Answered on April 16, 2013
If you are the sole member of the LLC and you are the manager, the practical difference is minimal. If you are hiring a manager to run the company,...
Archived
Should I file income tax in the U.S. even though I filed income tax in Canada every year (excluding American earnings) ?
Ronald's answer
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Answered on April 16, 2013
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...
Archived
What is the difference between filing tax married filing jointly and married filing separately?
Ronald's answer
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Answered on April 16, 2013
The difference between married filing jointly and married filing separately relates to your personal liability to the Internal Revenue Service....
Archived
I am looking for attorney for IRS problem
Ronald's answer
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Answered on April 15, 2013
You need a tax attorney that emphasizes tax controversies. I have been negotiating IRS Tax Collections and audits for more than 30 years and I...
Archived
How do I protect a start up business when I am personally being sued?
Ronald's answer
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Answered on April 10, 2013
You need to consult with an LLC attorney to make sure the Operating Agreement protects you. Remember, since the action is against you personally,...
Archived
I haven't filed tax returns for the last 8 years and I want to catch up. Can I file a return for 2012 and try to go backwards?
Ronald's answer
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Answered on April 07, 2013
File your 2012 on time. You can then file for the past years.
Go to a CPA or professional tax preparer.
Good luck!
Ron...
Archived
How to figure out if I should pay back self-employment taxes with penalties when comparing to the increase in Social Security?
Ronald's answer
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Answered on April 06, 2013
If you owe taxes, you need to file to avoid penalties and interest. You must file the tax returns! Every adult should file a tax return every year,...