As a LLC can i be held responsiable for a debt that was invoiced to that llc? I did not give any personal guarentee.

Even though your business is closed you should hire a lawyer to represent you. If you make any personal payments the collection firm may try to...

Can a person reenter the country if they owe a substantial amount in back taxes or will they be arrested?

Tax obligations are generally civil and that would not prevent your ex from returning to the US. If he does not believe this, you should have him...

Can I file for taxes? Do I have to?

You should always file a tax return in order to start the statute of limitations. Even if it turns out that you do not know anything, filing timely...

Can an LLC Operating Agreement state that a Member's interest can be canceled by returning their capital contribution?

Flexibility is one of the big advantages of a limited liability company. I see nothing wrong with the members putting in the operating agreement...

Can my mother get a deduction on her taxes for the thousands of dollars she paid toward her great grandson's college expenses?

No, since the great-grandson is not a dependent she does not get any tax deduction or credit. It is, however, very generous of her. I hope this...

Can a law student write off law school when filing taxes if it helps advance his career?

Sorry, you lose. Even though you are not planning on practicing law, law school qualifies you for a new profession. Good luck and...

General Liability Insurance for LLC (corp to corp)

The LLC needs and insurance policy. This is no neither as a business owners policy or a special multi-peril policy. Call your property and casualty...

How can I still be a 50% partner on an LLC that my friend & I are forming if my wife is also signing her name on the business?

Your wife can endorse the check and you can deposit it into a joint account. You can then use that check to purchase your membership interest...

Unfortunately, your matter is another example of the problem with people attempting to form their own business rather than using an attorney. Even...

TO IT MAY CONCERN. I NEED HELP WITH THE IRS. HOW DO I STOP THEM FROM TAKEING MY TAX FOR 2TWO YEARS NOW.?

Please IMMEDIATELY retain a tax lawyer. You need to have a tax lawyer review the documents and fight the IRS for you. I hope this helps! Ron...