When beneficiaries inherit real estate, decide to sell the property and keep the money, must they all pay capital gains tax?

By "inherited" I presume you mean that it will pass as a bequest of her estate. If so, there is a "stepped-up" basis to the fair market value at...

IRS: Petition to Enforce IRS Summons (26:7402), what does that mean?

The IRS has contacted you for tax and financial information. When you did not respond, they issued a Summons. When you did not respond, the IRS...

Money transfer from overseas

No, this is a gift and is not taxable income. If it is a loan, it is also not taxable to you. I hope this helps! Ron Cappuccio www.TaxEsq.com

You need to have a good tax and business lawyer experience with LLCs. This is not something you can do yourself. The terms of your operating...

Do unemployed people pay taxes on their interest income from their saving accounts?

Yes, interest income is taxable. Please go to a professional tax preparer to prepare your tax return. This way it will be done right. When you have...

Any changes in filing taxes with an ITIN #?

You need to file with a paper return. I suggest you get a professional tax preparer or CPA to prepare your return. Good luck! Ron Cappuccio

My company is a single member liabilty company LLC Delaware. Registered 2012. Not trading no revenue. Should I file Tax return?

Yes, because you are a single member LLC you are treated as a disregarded entity for federal and state tax purposes. You should file a schedule C...

I am planning on starting an LLC, I live in North Carolina My partner lives in Florida. What is the best option?

You have additional options since this is an online only business. Please, hire a good tax and business attorney to review the facts and choose the...

Foreign owned single member llc FL Tax implications>>?

At a minimum, you will be required to file US and FL tax returns. Why did you form a LLC in FL if neither you nor your customers are there? All you...

Is what you say to a tax professional / preparer private by law?

Only attorneys have the attorney-client privilege. There is a very limited accountant-client privilege, but it does not include any criminal...